4//SEC Filing
Engelberg Jeffrey D. 4
Accession 0000891839-21-000111
CIK 0000031235other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 5:23 PM ET
Size
17.5 KB
Accession
0000891839-21-000111
Insider Transaction Report
Form 4
EASTMAN KODAK COKODK
Engelberg Jeffrey D.
Director
Transactions
- Disposition to Issuer
Series A Covertible Preferred Stock
2021-02-26$100.00/sh−100,000$10,000,000→ 0 total(indirect: See footnote)→ Common Stock, par value $.01 (574,710 underlying) - Award
Restricted Stock Units
2021-03-31+7,159→ 7,159 totalExercise: $0.00→ Common Stock, par value $.01 (7,159 underlying) - Award
Series B Covertible Preferred Stock
2021-02-26+50,000→ 50,000 total(indirect: See footnote)Exercise: $10.50Exp: 2026-05-28→ Common Stock, par value $.01 (476,190 underlying)
Holdings
- 206,521
Common Stock, par value $.01
- 21,081
Stock Option (Right to Buy)
Exercise: $3.03Exp: 2027-05-19→ Common Stock, par value $.01 (21,081 underlying) - 6,416
Stock Option (Right to Buy)
Exercise: $6.03Exp: 2027-05-19→ Common Stock, par value $.01 (6,416 underlying) - 3,666
Stock Option (Right to Buy)
Exercise: $12.00Exp: 2027-05-19→ Common Stock, par value $.01 (3,666 underlying) - 2,534,892(indirect: See footnote)
Common Stock, par value $.01
- 6,416
Stock Option (Right to Buy)
Exercise: $4.53Exp: 2027-05-19→ Common Stock, par value $.01 (6,416 underlying)
Footnotes (6)
- [F1]These securities are owned directly by C2W Partners Master Fund Limited ("C2W"). Mr. Engelberg is the managing member of Additive Advisory and Capital, LLC, which receives management fees from C2W. Mr. Engelberg disclaims beneficial ownership of the securities held by C2W and states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
- [F2]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 and restated, in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on May 18, 2021, subject to continuous service as a member of the board of directors.
- [F3]This option has fully vested as of the date of this report.
- [F4]On February 26, 2021, pursuant to the Series A Preferred Stock Repurchase and Exchange Agreement, C2W disposed of 50,000 shares of Series A Convertible Preferred Stock in exchange for cash and 50,000 shares of Series A Convertible Preferred Stock in exchange for shares of Series B Convertible Preferred Stock on a one-for-one basis from the issuer.
- [F5]In addition to the share consideration, the Issuer paid $64,167 for accrued and unpaid dividends on the shares of Series A Convertible Preferred Stock.
- [F6]The convertible preferred stock is convertible at any time, at the holder's election.
Documents
Issuer
EASTMAN KODAK CO
CIK 0000031235
Entity typeother
Related Parties
1- filerCIK 0001706935
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 5:23 PM ET
- Size
- 17.5 KB