FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
EASTMAN KODAK CO [ KODK ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/26/2023 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock, par value $.01 | 02/26/2023 | M | 100,000 | A | $0(1) | 964,369 | D | |||
Common Stock, par value $.01 | 02/26/2023 | M | 100,000 | A | $0(1) | 1,064,369 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | $0(1) | 02/26/2023 | M | 100,000 | (2) | (2) | Common Stock, par value $.01 | 100,000 | $0 | 100,000 | D | ||||
Restricted Stock Units | $0(1) | 02/26/2023 | M | 100,000 | (3) | (3) | Common stock, par value $.01 | 100,000 | $0 | 200,000 | D | ||||
Restricted Stock Units | $0(1) | 02/26/2023 | A | 300,000 | (4) | (4) | Common stock, par value $.01 | 300,000 | $0 | 300,000 | D | ||||
Phantom Stock | $0(5) | (5) | (5) | Common Stock, par value $.01 | 241,589 | 241,589 | D | ||||||||
Stock Option (Right to Buy) | $3.03 | (6) | 02/19/2029 | Common Stock, par value $.01 | 981,707 | 981,707 | D | ||||||||
Stock Option (Right to Buy) | $4.53 | (6) | 02/19/2029 | Common Stock, par value $.01 | 298,780 | 298,780 | D | ||||||||
Stock Option (Right to Buy) | $6.03 | (6) | 02/19/2029 | Common Stock, par value $.01 | 298,780 | 298,780 | D | ||||||||
Stock Option (Right to Buy) | $12 | (6) | 02/19/2029 | Common Stock, par value $.01 | 170,733 | 170,733 | D | ||||||||
Stock Option (Right to Buy) | $3.03 | (6) | 02/19/2029 | Common Stock, par value $.01 | 1,150,000 | 1,150,000 | D | ||||||||
Stock Option (Right to Buy) | $4.53 | (6) | 02/19/2029 | Common Stock, par value $.01 | 350,000 | 350,000 | D | ||||||||
Stock Option (Right to Buy) | $6.03 | (6) | 02/19/2029 | Common Stock, par value $.01 | 350,000 | 350,000 | D | ||||||||
Stock Option (Right to Buy) | $12 | (6) | 02/19/2029 | Common Stock, par value $.01 | 200,000 | 200,000 | D |
Explanation of Responses: |
1. These restricted stock units convert into common stock on a one-for-one basis. |
2. 100,000 restricted stock units vested on 2/26/2023 and, except as otherwise provided in the award notice, the remaining restricted stock units will vest on 2/26/2024. |
3. 100,000 restricted stock units vested on 2/26/2023 and, except as otherwise provided in the award notice, the remaining restricted stock units will vest in substantially equal installments on each of 2/26/2024 and 2/26/2025. |
4. These restricted stock units were granted under the Company's Amended and Restated 2013 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest in substantially equal installments on each of 2/26/2024, 2/26/2025 and 2/26/2026. |
5. Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Continenza 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. |
6. This option is fully vested as of the date of this report. |
/s/ Roger W. Byrd, Attorney-in-Fact for James V. Continenza | 02/28/2023 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |