4//SEC Filing
Reinhardt Carsten J 4
Accession 0000899243-21-018180
CIK 0001735707other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 5:30 PM ET
Size
12.1 KB
Accession
0000899243-21-018180
Insider Transaction Report
Form 4
Reinhardt Carsten J
Director
Transactions
- Award
Common Stock
2021-04-30+6,432→ 6,432 total - Exercise/Conversion
Subscription Rights (right to buy)
2021-04-30−6,432→ 0 totalExercise: $5.25From: 2021-03-19Exp: 2021-04-16→ Series A Preferred Stock (6,432 underlying) - Disposition to Issuer
Common Stock
2021-04-30−6,432→ 0 total - Exercise/Conversion
Series A Cumulative Convertible Preferred Stock
2021-04-30+6,432→ 6,432 totalExercise: $0.00→ Common Stock (6,432 underlying)
Footnotes (3)
- [F1]Represents the cancellation of 6,432 shares of common stock pursuant to Garrett Motion Inc.'s (the "Company's") chapter 11 plan of reorganization (the "Plan"). The Plan was confirmed by an order of the United States Bankruptcy Court for the Southern District of New York entered on April 26, 2021 and became effective on April 30, 2021.
- [F2]Represents the issuance of 6,432 shares of common stock to effect the reinstatement of the reporting person's cancelled shares of common stock pursuant to the Plan.
- [F3]Represents the acquisition of 6,432 shares of Series A Cumulative Convertible Preferred Stock ("Series A Preferred Stock") of the Company for $5.25 per share pursuant to the exercise of subscription rights representing the right to buy Series A Preferred Stock issued to the reporting person under the Plan. The Series A Preferred Stock is convertible into shares of the Company's common stock on a one-to-one basis on dates specified in the Certificate of Designation. The Series A Preferred Stock is perpetual and therefore has no expiration date.
Documents
Issuer
Garrett Motion Inc.
CIK 0001735707
Entity typeother
Related Parties
1- filerCIK 0001373781
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 5:30 PM ET
- Size
- 12.1 KB