Jason Griffin New - Dec 11, 2023 Form 4 Insider Report for EASTMAN KODAK CO (KODK)

Role
Director
Signature
/s/ Roger W. Byrd, Attorney-in-Fact for Jason Griffin New
Stock symbol
KODK
Transactions as of
Dec 11, 2023
Transactions value $
$0
Form type
4
Date filed
12/12/2023, 04:33 PM
Previous filing
Oct 24, 2023
Next filing
Mar 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding KODK Common Stock, par value $.01 85.9K Dec 11, 2023 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KODK Stock Option (Right to Buy) Disposed to Issuer -21.1K -100% 0 Dec 11, 2023 Common Stock, par value $.01 21.1K $3.03 Direct F3
transaction KODK Stock Option (Right to Buy) Award +21.1K 21.1K Dec 11, 2023 Common Stock, par value $.01 21.1K $3.03 Direct F3
holding KODK Phantom Stock 22.1K Dec 11, 2023 Common Stock, par value $.01 22.1K $0.00 Direct F1
holding KODK Restricted Stock Units 23.4K Dec 11, 2023 Common Stock, par value $.01 23.4K $0.00 Direct F2
holding KODK Stock Option (Right to Buy) 6.42K Dec 11, 2023 Common Stock, par value $.01 6.42K $4.53 Direct F4
holding KODK Stock Option (Right to Buy) 6.42K Dec 11, 2023 Common Stock, par value $.01 6.42K $6.03 Direct F4
holding KODK Stock Option (Right to Buy) 3.67K Dec 11, 2023 Common Stock, par value $.01 3.67K $12.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. New in the year following the year of his separation from service as a director in either a single lump sum payment or in a maximum of ten annual installments.
F2 These restricted stock units, which convert into common stock on a one-for-one basis, vest on the day immediately preceding the Company's 2024 annual meeting of shareholders, except as otherwise provided in the award notice.
F3 The reported transaction involved the reversal, to avoid adverse tax consequences, of a previously reported amendment of an outstanding option to extend the expiration date thereof by three years. The reported transaction reinstates the original expiration date, resulting in the deemed cancellation of the "old" option for Section 16 purposes and the grant of a replacement option for Section 16 purposes. The option was originally granted on May 20, 2020 and is fully vested.
F4 This option has fully vested as of the date of this report.