SEC Form 4 · accession 0000891839-15-000014
EASTMAN KODAK CO · KODK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James V Continenza
Director
Period of report
Jan 1, 2015
Accepted (ET)
Jan 6, 2015 · 5:23 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000031235
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Jan 1, 2015 | D | 3,622 | D | — | — | Common Stock, par value $.01 | 3,622 | 7,247 | D |
| Phantom StockF2 | $0.00 | Jan 1, 2015 | A | 3,622 | A | — | — | Common Stock, par value $.01 | 3,622 | 3,622 | D |
Explanation of responses
- F1These restricted stock units were previously reported by Mr. Continenza and, except as otherwise provided in the award agreement, vest 33 1/3% on each of 1/1/15, 1/1/16 and 1/1/17, subject to continuous service as a member of the board of directors. Upon vesting on 1/1/15, Mr. Continenza deferred the receipt of 3,622 shares of common stock and received instead 3,622 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Mr. Continenza is reporting the disposition of 3,622 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
- F2Each 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 sum payment or in a maximum of ten annual installments.