SEC Form 4 · accession 0000891839-16-000135
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
Mark S Burgess
Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 5, 2016 · 6:09 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 $.01F1 | Jan 1, 2016 | M | 1,304 | $0.00 | A | 2,608 | D | |
| Common Stock, par value $.01F3 | Jan 1, 2016 | M | 5,037 | $0.00 | A | 7,645 | 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 | Jan 1, 2016 | M | 1,304 | D | — | — | Common Stock, par value $.01 | 1,304 | 3,915 | D |
| Restricted Stock UnitsF1 | $0.00 | Jan 1, 2016 | D | 1,304 | D | — | — | Common Stock, par value $.01 | 1,304 | 2,611 | D |
| Phantom StockF2 | $0.00 | Jan 1, 2016 | A | 1,304 | A | — | — | Common Stock, par value $.01 | 1,304 | 2,608 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 1, 2016 | M | 5,037 | D | Jan 1, 2016 | Jan 1, 2016 | Common Stock, par value $.01 | 5,037 | 5,037 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 1, 2016 | D | 5,037 | D | Jan 1, 2016 | Jan 1, 2016 | Common Stock, par value $.01 | 5,037 | 0 | D |
| Phantom StockF2 | $0.00 | Jan 1, 2016 | A | 5,037 | A | — | — | Common Stock, par value $.01 | 5,037 | 7,645 | D |
Explanation of responses
- F1These restricted stock units, which convert into common stock on a one-for-one basis, were previously reported by Mr. Burgess and, except as otherwise provided in the award agreement, vest one third 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 of 2,608 shares on 1/1/16, Mr. Burgess deferred the receipt of 1,304 shares of common stock and received instead 1,304 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Mr. Burgess is reporting the disposition of 1,304 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. Burgess 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.
- F3These restricted stock units, which convert into common stock on a one-for-one basis, were previously reported by Mr. Burgess and vested on 1/1/16. Upon vesting of 10,074 shares, Mr. Burgess deferred the receipt of 5,037 shares of common stock and received instead 5,037 shares of phantom stock pursuant to the terms of the Plan. As a result, Mr. Burgess is reporting the disposition of 5,037 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.