Klarman Seth A's Form 4 filing
Garrett Motion Inc. (GTX) · filed Jun 15, 2023
- Accession no.
- 0001140361-23-030150
- Filed
- Jun 15, 2023, 7:36 PM ET
- Trade date
- Jun 13-15, 2023
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $35.7M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Klarman Seth ACIK 0000899869 | 10% Owner |
| Baupost Group LLCCIK 0001061768 | 10% Owner |
| Baupost Group GP, L.L.C.CIK 0001738693 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 13, 2023 | Common Stock | CConversionAcquired | +25,462,810 | –F3 | – | 31,195,589 | Indirect | |
| Jun 13, 2023 | Common Stock | SSaleDisposed | −500,000 | $8.00 | −$4,000,000 | 30,695,589 | Indirect | |
| Jun 14, 2023 | Common Stock | SSaleDisposed | −3,100,000 | $7.73F4 | −$23,963,000 | 27,595,589 | Indirect | |
| Jun 15, 2023 | Common Stock | SSaleDisposed | −1,025,000 | $7.55 | −$7,738,750 | 26,570,589 | Indirect |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jun 13, 2023 | Common Stock | CConversionAcquired | +28,120,589 | –F3 | – | 0 | Indirect |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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.
Referenced by the price of 1 transaction in Table I and 1 transaction in Table II.
- 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.
Referenced by the price of 1 transaction in Table I.