4//SEC Filing
KLARMAN SETH A 4
Accession 0001567619-21-022047
CIK 0001735707other
Filed
Dec 13, 7:00 PM ET
Accepted
Dec 14, 5:30 PM ET
Size
11.2 KB
Accession
0001567619-21-022047
Insider Transaction Report
Form 4
BAUPOST GROUP LLC/MA
Other
Transactions
- Sale
Series A Preferred Stock
2021-12-10$8.20/sh−1,827,868$14,988,518→ 25,480,292 total(indirect: See Footnotes)→ Common Stock, par value $0.001 per share (1,827,868 underlying)
Holdings
- 3,575,000(indirect: See Footnotes)
Common Stock
Baupost Group GP, L.L.C.
10% Owner
Transactions
- Sale
Series A Preferred Stock
2021-12-10$8.20/sh−1,827,868$14,988,518→ 25,480,292 total(indirect: See Footnotes)→ Common Stock, par value $0.001 per share (1,827,868 underlying)
Holdings
- 3,575,000(indirect: See Footnotes)
Common Stock
KLARMAN SETH A
10% Owner
Transactions
- Sale
Series A Preferred Stock
2021-12-10$8.20/sh−1,827,868$14,988,518→ 25,480,292 total(indirect: See Footnotes)→ Common Stock, par value $0.001 per share (1,827,868 underlying)
Holdings
- 3,575,000(indirect: See Footnotes)
Common Stock
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 are convertible, at the holder's election, at the conversion rate (as defined in the Company's certificate of designation of Series A 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
- Dec 13, 7:00 PM ET
- Accepted
- Dec 14, 5:30 PM ET
- Size
- 11.2 KB