EASTMAN KODAK CO — Director's Dealing 2017

Mar 23, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTMAN KODAK CO (KODK)
CIK: 0000031235
Period of Report: 2017-03-20

Reporting Person: BlueMountain Credit Opportunities GP I, LLC (10% Owner)
Reporting Person: BlueMountain Credit Opportunities Master Fund I L.P. (10% Owner)
Reporting Person: BlueMountain Distressed GP, LLC (10% Owner)
Reporting Person: BlueMountain Distressed Master Fund L.P. (10% Owner)
Reporting Person: BlueMountain Montenvers GP S.a.r.l. (10% Owner)
Reporting Person: BlueMountain Montenvers Master Fund SCA SICAV-SIF (10% Owner)
Reporting Person: BlueMountain Strategic Credit GP, LLC (10% Owner)
Reporting Person: BlueMountain Strategic Credit Master Fund L.P. (10% Owner)
Reporting Person: BLUEMOUNTAIN SUMMIT OPPORTUNITIES GP II, LLC (10% Owner)
Reporting Person: BLUEMOUNTAIN SUMMIT TRADING L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-20	Common Stock	S	25000	$11.40	Disposed	6883075	Indirect
2017-03-20	Common Stock	S	21634	$11.40	Disposed	5956374	Indirect
2017-03-20	Common Stock	S	10038	$11.40	Disposed	2763856	Indirect
2017-03-20	Common Stock	S	10038	$11.40	Disposed	2763856	Indirect
2017-03-20	Common Stock	S	10038	$11.40	Disposed	2763856	Direct
2017-03-20	Common Stock	S	643	$11.40	Disposed	176876	Indirect
2017-03-20	Common Stock	S	643	$11.40	Disposed	176876	Direct
2017-03-20	Common Stock	S	1091	$11.40	Disposed	300440	Direct
2017-03-20	Common Stock	S	845	$11.40	Disposed	232814	Indirect
2017-03-20	Common Stock	S	845	$11.40	Disposed	232814	Direct
2017-03-20	Common Stock	S	6403	$11.40	Disposed	1762668	Indirect
2017-03-20	Common Stock	S	6403	$11.40	Disposed	1762668	Direct
2017-03-20	Common Stock	S	1187	$11.40	Disposed	326661	Indirect
2017-03-20	Common Stock	S	1187	$11.40	Disposed	326661	Direct
2017-03-20	Common Stock	S	2275	$11.40	Disposed	626261	Indirect
2017-03-20	Common Stock	S	2275	$11.40	Disposed	626261	Direct
2017-03-20	Common Stock	S	888	$11.40	Disposed	244733	Indirect
2017-03-20	Common Stock	S	888	$11.40	Disposed	244733	Direct
2017-03-20	Common Stock	S	1630	$11.40	Disposed	448766	Indirect
2017-03-20	Common Stock	S	1630	$11.40	Disposed	448766	Direct
2017-03-20	Common Stock	S	9952	$11.45	Disposed	6873123	Indirect
2017-03-20	Common Stock	S	8613	$11.45	Disposed	5947761	Indirect
2017-03-20	Common Stock	S	3997	$11.45	Disposed	2759859	Indirect
2017-03-20	Common Stock	S	3997	$11.45	Disposed	2759859	Indirect
2017-03-20	Common Stock	S	3997	$11.45	Disposed	2759859	Direct
2017-03-20	Common Stock	S	256	$11.45	Disposed	176620	Indirect
2017-03-20	Common Stock	S	256	$11.45	Disposed	176620	Direct
2017-03-20	Common Stock	S	434	$11.45	Disposed	300006	Direct
2017-03-20	Common Stock	S	337	$11.45	Disposed	232477	Indirect
2017-03-20	Common Stock	S	337	$11.45	Disposed	232477	Direct

Footnotes

F1: The filing of this Form 4 shall not be construed as an admission that any of BlueMountain Capital Management, LLC ("BMCM"), GP Holdings, the General Partners, BMM GP (each as defined in Footnote 5) or BMCA GP (as defined in Footnote 4) is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise the beneficial owner of any of the shares of Common Stock, par value $0.01 per share (the "Common Stock"), of Eastman Kodak Company (the "Issuer"). Pursuant to Rule 16a-1(a)(4) of the Exchange Act, each of BMCM, GP Holdings and the General Partners disclaims such beneficial ownership, except to the extent of its pecuniary interest.

F2: BMCM is the investment manager of each of: (i) Blue Mountain Credit Alternatives Master Fund L.P. ("BMCA"), which is the direct beneficial owner of 2,749,820 shares of Common Stock; (ii) BlueMountain Guadalupe Peak Fund L.P. ("BMGP"), which is the direct beneficial owner of 175,978 shares of Common Stock; (iii) BlueMountain Kicking Horse Fund L.P. ("BMKH"), which is the direct beneficial owner of 231,631 shares of Common Stock; (iv) BlueMountain Credit Opportunities Master Fund I L.P. ("BMCO"), which is the direct beneficial owner of 1,753,717 shares of Common Stock; (v) BlueMountain Distressed Master Fund L.P. ("BMD"), which is the beneficial owner of 325,003 shares of Common Stock; (vi) BlueMountain Strategic Credit Master Fund L.P. ("BMSC"), which is the direct beneficial owner of 243,490 shares of Common Stock;

F3: (vii) BlueMountain Summit Trading L.P. ("BMST" and, together with BMCA, BMGP, BMKH, BMCO, BMD and BMSC, the "Partnerships"), which is the direct beneficial owner of 446,488 shares of Common Stock; (viii) BlueMountain Timberline Ltd. ("BMT"), which is the direct beneficial owner of 298,915 shares of Common Stock; and (ix) BlueMountain Montenvers Master Fund SCA SICAV-SIF ("BMM" and, together with the Partnerships and BMT, the "Funds"), which is the direct beneficial owner of 623,081 shares of Common Stock. BMCM, although it directs the voting and disposition of the Common Stock held by the Funds, only receives an asset-based fee relating to the Common Stock held by the Funds.

F4: (i) Blue Mountain CA Master Fund GP, Ltd. ("BMCA GP") is the general partner of BMCA and has an indirect profits interest in the Common Stock beneficially owned by it; (ii) Blue Mountain Credit GP, LLC ("BMC GP") is the sole owner of BMCA GP and has an indirect profits interest in the Common Stock beneficially owned by BMCA; (iii) BlueMountain Long/Short Credit GP, LLC ("BMGP GP") is the general partner of BMGP and has an indirect profits interest in the Common Stock beneficially owned by it; (iv) BlueMountain Kicking Horse Fund GP, LLC ("BMKH GP") is the general partner of BMKH and has an indirect profits interest in the Common Stock beneficially owned by it; (v) BlueMountain Credit Opportunities GP I, LLC ("BMCO GP") is the general partner of BMCO and has an indirect profits interest in the Common Stock beneficially owned by it;

F5: (vi) BlueMountain Distressed GP, LLC ("BMD GP") is the general partner of BMD and has an indirect profits interest in the Common Stock beneficially owned by it; (vii) BlueMountain Strategic Credit GP, LLC ("BMSC GP") is the general partner of BMSC and has an indirect profits interest in the Common Stock beneficially owned by it; (viii) BlueMountain Summit Opportunities GP II, LLC ("BMST GP" and, together with BMC GP, BMGP GP, BMKH GP, BMCO GP, BMD GP and BMSC GP, the "General Partners") is the general partner of BMST and has an indirect profits interest in the Common Stock beneficially owned by it; and (ix) BlueMountain Montenvers GP S.a r.l. ("BMM GP") is the general partner of BMM and has an indirect profits interest in the Common Stock beneficially owned by it. BlueMountain GP Holdings, LLC ("GP Holdings") is the sole owner of each of the General Partners and thus has an indirect profits interest in the Common Stock beneficially owned by the Partnerships.

F6: BMCM is the sole owner of BMM GP and thus has an indirect profits interest in the Common Stock beneficially owned by BMM.

F7: On March 20, 2017, (i) BMCA sold 10,038, 3,997 and 10,039 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (ii) BMGP sold 643, 256 and 642 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (iii) BMT sold 1,091, 434 and 1,091 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (iv) BMKH sold 845, 337 and 846 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (v) BMCO sold 6,403, 2,548 and 6,403 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (vi) BMD sold 1,187, 472 and 1,186 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (vii) BMM sold 2,275, 905 and 2,275 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, (viii) BMSC sold 888, 355 and 888 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively, and

F8: (ix) BMST sold 1,630, 648 and 1,630 shares of Common Stock for $11.40, $11.45 and $11.46 per share, respectively.

F9: The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act. The Forms 4 for certain additional transactions and Reporting Persons are being filed separately and simultaneously with this Form 4 due to the limitation of 30 transactions and 10 Reporting Persons per filing.