4//SEC Filing
KLARMAN SETH A 4
Accession 0001567619-21-009012
CIK 0001735707other
Filed
May 3, 8:00 PM ET
Accepted
May 4, 6:02 PM ET
Size
10.9 KB
Accession
0001567619-21-009012
Insider Transaction Report
Form 4
BAUPOST GROUP LLC/MA
Other
Transactions
- Other
Common Stock
2021-04-30−3,575,000→ 0 total(indirect: See Footnotes)
Baupost Group GP, L.L.C.
10% Owner
Transactions
- Other
Common Stock
2021-04-30−3,575,000→ 0 total(indirect: See Footnotes)
KLARMAN SETH A
10% Owner
Transactions
- Other
Common Stock
2021-04-30−3,575,000→ 0 total(indirect: See Footnotes)
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 3 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]On September 20, 2020, Garrett Motion Inc. (the "Issuer") and certain of its subsidiaries (collectively, the "Debtors") each filed a voluntary petition for relief under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On April 26, 2021, the Debtors filed an amended Chapter 11 plan of reorganization (the "Plan") and on April 9, 2021, the Issuer filed a supplement to the Plan (as amended on April 20, 2021 and April 22, 2021, the "Plan Supplement") with the Bankruptcy Court. On April 26, 2021, the Bankruptcy Court entered an order confirming the Plan (the "Confirmation Order") and, on April 30, 2021 (the "Effective Date") the conditions to effectiveness of the Plan were satisfied or waived and the Issuer emerged from bankruptcy.
- [F4](Continued from footnote 3) On the Effective Date, all outstanding shares of the Issuer's common stock outstanding prior to the Effective Date were canceled, released, and extinguished, and of no further force or effect and without any need for a holder of such common stock to take further action with respect thereto. Accordingly, this Form 4 shall constitute an exit filing for the Reporting Persons with respect to the Issuer.
Documents
Issuer
Garrett Motion Inc.
CIK 0001735707
Entity typeother
IncorporatedMA
Related Parties
1- filerCIK 0000899869
Filing Metadata
- Form type
- 4
- Filed
- May 3, 8:00 PM ET
- Accepted
- May 4, 6:02 PM ET
- Size
- 10.9 KB