SEC Form 4 · accession 0000891839-17-000019

EASTMAN KODAK CO · KODK

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

William G Parrett

Director

Period of report

Jan 8, 2017

Accepted (ET)

Jan 10, 2017 · 5:03 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	holding	—	—		—	2,321	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^F1	$0.00	Jan 8, 2017	D	14,327	D	Jan 8, 2017	Jan 8, 2017	Common Stock, par value $.01	14,327	0	D
Phantom Stock^F2	$0.00	Jan 8, 2017	A	14,327	A	—	—	Common Stock, par value $.01	14,327	14,327	D
Restricted Stock Units^F3	$0.00	Jan 9, 2017	A	9,804	A	—	—	Common Stock, par value $.01	9,804	9,804	D
125% Warrants to purchase Common Stock, par value $.01^F4	$14.93	holding	—	—	—	Sep 3, 2013	Sep 3, 2018	Common Stock, par value $.01	13	13	D
135% Warrants to purchase Common Stock, par value $.01^F4	$16.12	holding	—	—	—	Sep 3, 2013	Sep 3, 2018	Common Stock, par value $.01	13	13	D

Explanation of responses

F1These restricted stock units convert into common stock on a one-for-one basis. Upon vesting on 1/8/2017, Mr. Parrett deferred the receipt of 14,327 shares of common stock and received instead 14,327 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Mr. Parrett is reporting the disposition of 14,327 shares of common stock in exchange for an equal number of shars 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. Parrett 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 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, vest on 1/9/2018, subject to continuous service as a member of the board of directors.
F4Each 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 factional shares.