SEC Form 4 · accession 0000891839-15-000036
EASTMAN KODAK CO · KODK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Jeff Clarke
Officer — Chief Executive Officer · Director
Period of report
Mar 12, 2015
Accepted (ET)
Mar 13, 2015 · 5:21 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000031235
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 12, 2015 | M | 36,764 | $0.00 | A | 36,764 | D | |
| Common StockF2 | Mar 12, 2015 | F | 17,408 | $18.46 | D | 19,356 | D |
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 | Mar 12, 2015 | M | 36,764 | D | — | Mar 12, 2017 | Common Stock, par value $.01 | 36,764 | 73,531 | D |
| Stock Option (Right to Buy)F4 | $18.46 | Mar 12, 2015 | A | 0 | A | — | Mar 11, 2022 | Common Stock, par value $.01 | 0 | 0 | D |
| Stock Option (Right to Buy)F3 | $27.20 | holding | — | — | — | — | Mar 11, 2021 | Common Stock, par value $.01 | 114,493 | 114,493 | D |
Explanation of responses
- F1These restricted stock units, which convert into common stock on a one-for-one basis, vest 33 1/3% on each of 3/12/15, 3/12/16 and 3/12/17, subject to Mr. Clarke's continuous employment with the Company.
- F2Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units.
- F3Except as otherwise provided in the award notice, this option vests 33 1/3% on each of 3/12/15, 3/12/16 and 3/12/17, subject to Mr. Clarke's continuous employment with the Company.
- F4This option was granted under the Company's 2013 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vests 33 1/3% on each of 3/12/16, 3/12/17 and 3/12/18, subject to Mr. Clarke's continuous employment with the Company. The number of shares underlying the option cannot be determined at this time, but will be based on $1,000,000 divided by the Black-Scholes valuation of the option on the grant date. Once the number is determined, Mr. Clarke will file an amendment to this report.