4//SEC Filing
KLARMAN SETH A 4
Accession 0001140361-23-030150
CIK 0001735707other
Filed
Jun 14, 8:00 PM ET
Accepted
Jun 15, 7:36 PM ET
Size
16.5 KB
Accession
0001140361-23-030150
Insider Transaction Report
Form 4
KLARMAN SETH A
10% Owner
Transactions
- Sale
Common Stock
2023-06-13$8.00/sh−500,000$4,000,000→ 30,695,589 total(indirect: See Footnotes) - Conversion
Series A Cumulative Convertible Preferred Stock
2023-06-13+25,462,810→ 0 total(indirect: See Footnotes)→ Common Stock (28,120,589 underlying) - Conversion
Common Stock
2023-06-13+25,462,810→ 31,195,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-14$7.73/sh−3,100,000$23,963,000→ 27,595,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-15$7.55/sh−1,025,000$7,738,750→ 26,570,589 total(indirect: See Footnotes)
BAUPOST GROUP LLC/MA
Other
Transactions
- Conversion
Common Stock
2023-06-13+25,462,810→ 31,195,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-13$8.00/sh−500,000$4,000,000→ 30,695,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-14$7.73/sh−3,100,000$23,963,000→ 27,595,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-15$7.55/sh−1,025,000$7,738,750→ 26,570,589 total(indirect: See Footnotes) - Conversion
Series A Cumulative Convertible Preferred Stock
2023-06-13+25,462,810→ 0 total(indirect: See Footnotes)→ Common Stock (28,120,589 underlying)
Baupost Group GP, L.L.C.
10% Owner
Transactions
- Conversion
Common Stock
2023-06-13+25,462,810→ 31,195,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-13$8.00/sh−500,000$4,000,000→ 30,695,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-14$7.73/sh−3,100,000$23,963,000→ 27,595,589 total(indirect: See Footnotes) - Sale
Common Stock
2023-06-15$7.55/sh−1,025,000$7,738,750→ 26,570,589 total(indirect: See Footnotes) - Conversion
Series A Cumulative Convertible Preferred Stock
2023-06-13+25,462,810→ 0 total(indirect: See Footnotes)→ Common Stock (28,120,589 underlying)
Footnotes (4)
- [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]The common stock reported herein were issued following the automatic conversion of all outstanding the Series A Cumulative Convertible Preferred Stock of Garrett Motion Inc. (the "Conversion") in accordance with the Issuer's certificate of designations for the Series A Cumulative Convertible Preferred Stock.
- [F4]The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.71 to $7.87. The Reporting Person undertakes to provide the staff at 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.
Documents
Issuer
Garrett Motion Inc.
CIK 0001735707
Entity typeother
IncorporatedMA
Related Parties
1- filerCIK 0000899869
Filing Metadata
- Form type
- 4
- Filed
- Jun 14, 8:00 PM ET
- Accepted
- Jun 15, 7:36 PM ET
- Size
- 16.5 KB