4//SEC Filing
KLARMAN SETH A 4
Accession 0001140361-23-029345
CIK 0001735707other
Filed
Jun 11, 8:00 PM ET
Accepted
Jun 12, 7:09 PM ET
Size
11.4 KB
Accession
0001140361-23-029345
Insider Transaction Report
Form 4
BAUPOST GROUP LLC/MA
Other
Transactions
- Sale
Common Stock
2023-06-08$8.20/sh−500,000$4,100,000→ 3,075,000 total(indirect: See Footnotes) - Sale
Series A Preferred Stock
2023-06-08−17,482→ 25,462,810 total(indirect: See Footnotes)→ Common Stock, par value$.001per share (17,482 underlying)
Baupost Group GP, L.L.C.
10% Owner
Transactions
- Sale
Common Stock
2023-06-08$8.20/sh−500,000$4,100,000→ 3,075,000 total(indirect: See Footnotes) - Sale
Series A Preferred Stock
2023-06-08−17,482→ 25,462,810 total(indirect: See Footnotes)→ Common Stock, par value$.001per share (17,482 underlying)
KLARMAN SETH A
10% Owner
Transactions
- Sale
Common Stock
2023-06-08$8.20/sh−500,000$4,100,000→ 3,075,000 total(indirect: See Footnotes) - Sale
Series A Preferred Stock
2023-06-08−17,482→ 25,462,810 total(indirect: See Footnotes)→ Common Stock, par value$.001per share (17,482 underlying)
Footnotes (3)
- [F1]This statement on Form 4 is being jointly filed by The Baupost Group, L.L.C. ("Baupost"), Baupost Group GP, L.L.C. ("Baupost GP"), and Seth A. Klarman ("Mr. Klarman") (collectively, the "Reporting Persons"). Baupost is a registered investment adviser. The principal business of Baupost is to act as an investment adviser to various private investment limited partnerships. Baupost GP, as the manager of Baupost, and Mr. Klarman, as the sole managing member of Baupost GP and a controlling person of Baupost, may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of the securities beneficially owned by Baupost. Securities reported on this Form 4 as being beneficially owned by Baupost were purchased on behalf of certain of such partnerships.
- [F2](Continued from footnote 1) The Reporting Persons disclaim beneficial ownership of the securities indicated except to the extent of their pecuniary interest therein, and the reporting herein of such securities shall not be construed as an admission that the Reporting Persons are the beneficial owners thereof for purposes of Section 16 of the Exchange Act or for any other purpose.
- [F3]Shares of Series A Preferred Stock of Garrett Motion Inc. (the "Company") are convertible, at the holder's election, at the conversion rate (as defined in the Company's certificate of designation of Series A Convertible Preferred Stock), which initially is 1:1. The shares of Series A Preferred Stock have no expiration date.
Documents
Issuer
Garrett Motion Inc.
CIK 0001735707
Entity typeother
IncorporatedMA
Related Parties
1- filerCIK 0000899869
Filing Metadata
- Form type
- 4
- Filed
- Jun 11, 8:00 PM ET
- Accepted
- Jun 12, 7:09 PM ET
- Size
- 11.4 KB