SEC Form 4 · accession 0000891839-15-000134

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

Sharon E. Underberg

Officer — General Counsel, Sec., SVP

Period of report

Dec 15, 2015

Accepted (ET)

Dec 17, 2015 · 5:57 pm EST

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 Stock, par value $.01^F1	Dec 15, 2015	M	3,292	$0.00	A	3,476	D
Common Stock, par value $.01^F2	Dec 15, 2015	F	1,218	$12.63	D	2,258	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 Units^F3	$0.00	Dec 15, 2015	M	3,292	D	—	Dec 15, 2017	Common Stock, par value $.01	3,292	6,585	D
Restricted Stock Units^F4	$0.00	Dec 15, 2015	A	15,836	A	—	Dec 15, 2018	Common Stock, par value	15,836	15,836	D
Stock Option (Right to Buy)^F6	$12.63	Dec 15, 2015	A	0	A	—	Dec 14, 2022	Common Stock, par value $.01	0	0	D
Stock Option (Right to Buy)^F5	$20.25	holding	—	—	—	—	Dec 14, 2021	Common Stock, par value $.01	27,286	27,286	D
125% Warrants to purchase Common Stock, par value $.01^F7	$14.93	holding	—	—	—	Sep 3, 2013	Sep 3, 2018	Common Stock, par value $.01	314	314	D
135% Warrants to purchase Common Stock, par value $.01^F7	$16.12	holding	—	—	—	Sep 3, 2013	Sep 3, 2018	Common Stock, par value $.01	314	314	D

Explanation of responses

F1These restricted stock units convert into common stock on a one-for-one basis.
F2Shares withheld to cover tax withholding obligations upon the vesting of restricted stock units.
F3These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on each of the first three anniversaries of the 12/15/14 grant date.
F4These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Company's 2013 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and vest one-third on each of the first three anniversaries of the grant date.
F5This option vests one-third on each of the first three anniversaries of the 12/15/14 grant date.
F6This option was granted under the Company's 2013 Omnibus Incentive Plan in a transaction exempt under Rule 16b-3 and vests one-third on each of the first three anniversaries of the grant date. The number of shares underlying the option cannot be determined at this time, but will be based on $200,000 divided by the Black-Scholes valuation of the option on the grant date. Once the number is determined, Ms. Underberg will file an amendment to this report.
F7Each of these Warrants entitles the holder to purchase one share of common stock; however for each Warrant exercised, the holder will receive a net share amount equal to the number of shares issuable upon the exercise multiplied by the closing sale price of the common stock on the exercise date minus the exercise price, divided by the closing sale price, together with cash for any fractional shares.