DOHENY MATTHEW A. 4
4 · EASTMAN KODAK CO · Filed Jan 10, 2019
Insider Transaction Report
Form 4
EASTMAN KODAK COKODK
DOHENY MATTHEW A.
Director
Transactions
- Award
Restricted Stock Units
2019-01-08+52,817→ 52,817 totalExercise: $0.00→ Common Stock, par value $.01 (52,817 underlying) - Disposition to Issuer
Restricted Stock Units
2019-01-08−48,388→ 0 totalExercise: $0.00From: 2019-01-08Exp: 2019-01-08→ Common Stock, par value $.01 (48,388 underlying) - Award
Phantom Stock
2019-01-08+48,388→ 89,550 totalExercise: $0.00→ Common Stock, par value $.01 (48,388 underlying)
Footnotes (3)
- [F1]These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Company's 2013 Omnibus Incentive Plan, as amended, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on 1/8/2020, subject to continuous service as a member of the board of directors.
- [F2]These restricted stock units convert into common stock on a one-for-one basis. Upon vesting on 1/8/2019, Mr. Doheny deferred the receipt of 48,388 shares of common stock and received instead 48,388 shares of phantom stock pursuant to the terms of the Eastman Kodak Company Deferred Compensation Plan for Directors (the "Plan"). As a result, Mr. Doheny is reporting the disposition of 48,388 shares of common stock in exchange for an equal number of shares of phantom stock under the Plan.
- [F3]Each share of phantom stock represents a right to receive one share of common stock and becomes payable at the election of Mr. Doheny 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.