SEC Form 4 · accession 0000891839-17-000104
EASTMAN KODAK CO · KODK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brad Kruchten
Officer — Senior Vice President
Period of report
Jul 14, 2017
Accepted (ET)
Jul 17, 2017 · 4:34 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 Stock, par value $.01F2 | Jul 14, 2017 | S | 3,400 | $9.05 | D | 10,195 | D | |
| Common Stock, par value $.01 | holding | — | — | — | 90 | I | By Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3 | $0.00 | holding | — | — | — | — | Sep 3, 2017 | Common Stock, par value $.01 | 5,888 | 5,888 | D |
| Restricted Stock UnitsF4 | $0.00 | holding | — | — | — | — | Sep 3, 2018 | Common Stock, par value $.01 | 20,350 | 20,350 | D |
| Restricted Stock UnitsF5 | $0.00 | holding | — | — | — | — | Sep 3, 2019 | Common Stock, par value $.01 | 26,958 | 26,958 | D |
| Restricted Stock UnitsF6 | $0.00 | holding | — | — | — | — | Sep 3, 2020 | Common Stock, par value $.01 | 27,632 | 27,632 | D |
| Restricted Stock UnitsF7 | $0.00 | holding | — | — | — | — | Aug 24, 2018 | Common Stock, par value $.01 | 4,871 | 4,871 | I |
| Stock Option (Right to Buy)F8 | $23.78 | holding | — | — | — | — | Sep 2, 2021 | Common Stock, par value $.01 | 53,232 | 53,232 | D |
| Stock Option (Right to Buy)F9 | $13.76 | holding | — | — | — | — | Sep 2, 2022 | Common Stock, par value $.01 | 73,044 | 73,044 | D |
| Stock Option (Right to Buy)F10 | $15.58 | holding | — | — | — | — | Sep 2, 2023 | Common Stock, par value $.01 | 71,308 | 71,308 | D |
| Stock Option (Right to Buy)F11 | $15.20 | holding | — | — | — | — | Nov 14, 2023 | Common Stock, par value $.01 | 65,935 | 65,935 | D |
| 125% Warrants to purchase Common Stock, par value $.01F12 | $14.93 | holding | — | — | — | Sep 3, 2013 | Sep 3, 2018 | Common Stock, par value $.01 | 943 | 943 | D |
| 135% Warrants to purchase Common Stock, par value $.01F12 | $16.12 | holding | — | — | — | Sep 3, 2013 | Sep 3, 2018 | Common Stock, par value $.01 | 943 | 943 | D |
| 125% Warrants to purchase Common Stock, par value $.01F12 | $14.93 | holding | — | — | — | Sep 3, 2013 | Sep 3, 2018 | Common Stock, par value $.01 | 31 | 31 | I |
| 135% Warrants to purchase Common Stock, par value $.01F12 | $16.12 | holding | — | — | — | Sep 3, 2013 | Sep 3, 2018 | Common Stock, par value $.01 | 31 | 31 | I |
Explanation of responses
- F1This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Kruchten on 3/24/17.
- F10This option vests one-third on each of the first three anniversaries of the 9/3/16 grant date.
- F11This option vests one-third on 9/3/18 and one-third on each of the first two anniversaries of such date.
- F12Each 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.
- F2The price reported is a weighted average price. Mr. Kruchten sold these shares in multiple transactions at prices ranging from $9.00 to $9.10 per share, inclusive. Mr. Kruchten undertakes to provide to Eastman Kodak Company (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- 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 9/3/14 grant date.
- F4These 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 9/3/15 grant date.
- F5These 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 9/3/16 grant date.
- F6These restricted stock units, which convert into common stock on a one-for-one basis, vest one-third on 9/3/18 and one-third on each of the first two anniversaries of such date.
- F7These 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 8/24/15 grant date.
- F8This option vests one-third on each of the first three anniversaries of the 9/3/14 grant date.
- F9This option vests one-third on each of the first three anniversaries of the 9/3/15 grant date.