EASTMAN KODAK CO — Director's Dealing 2017

Mar 16, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EASTMAN KODAK CO (KODK)
CIK: 0000031235
Period of Report: 2017-03-15

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
2017-03-15	Common Stock	S	154430	$11.74	Disposed	7016649	Indirect
2017-03-15	Common Stock	S	133638	$11.74	Disposed	6071964	Indirect
2017-03-15	Common Stock	S	62010	$11.74	Disposed	2817493	Indirect
2017-03-15	Common Stock	S	62010	$11.74	Disposed	2817493	Indirect
2017-03-15	Common Stock	S	62010	$11.74	Disposed	2817493	Direct
2017-03-15	Common Stock	S	3968	$11.74	Disposed	180310	Indirect
2017-03-15	Common Stock	S	3968	$11.74	Disposed	180310	Direct
2017-03-15	Common Stock	S	6741	$11.74	Disposed	306271	Direct
2017-03-15	Common Stock	S	5224	$11.74	Disposed	237331	Indirect
2017-03-15	Common Stock	S	5224	$11.74	Disposed	237331	Direct
2017-03-15	Common Stock	S	39547	$11.74	Disposed	1796875	Indirect
2017-03-15	Common Stock	S	39547	$11.74	Disposed	1796875	Direct
2017-03-15	Common Stock	S	7329	$11.74	Disposed	333001	Indirect
2017-03-15	Common Stock	S	7329	$11.74	Disposed	333001	Direct
2017-03-15	Common Stock	S	14051	$11.74	Disposed	638414	Indirect
2017-03-15	Common Stock	S	14051	$11.74	Disposed	638414	Direct
2017-03-15	Common Stock	S	5491	$11.74	Disposed	249479	Indirect
2017-03-15	Common Stock	S	5491	$11.74	Disposed	249479	Direct
2017-03-15	Common Stock	S	10069	$11.74	Disposed	457475	Indirect
2017-03-15	Common Stock	S	10069	$11.74	Disposed	457475	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 2,817,493 shares of Common Stock; (ii) BlueMountain Guadalupe Peak Fund L.P. ("BMGP"), which is the direct beneficial owner of 180,310 shares of Common Stock; (iii) BlueMountain Kicking Horse Fund L.P. ("BMKH"), which is the direct beneficial owner of 237,331 shares of Common Stock; (iv) BlueMountain Credit Opportunities Master Fund I L.P. ("BMCO"), which is the direct beneficial owner of 1,796,875 shares of Common Stock; (v) BlueMountain Distressed Master Fund L.P. ("BMD"), which is the beneficial owner of 333,001 shares of Common Stock; (vi) BlueMountain Strategic Credit Master Fund L.P. ("BMSC"), which is the direct beneficial owner of 249,479 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 457,475 shares of Common Stock; (viii) BlueMountain Timberline Ltd. ("BMT"), which is the direct beneficial owner of 306,271 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 638,414 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 15, 2017, (i) BMCA sold 62,010 shares of Common Stock, (ii) BMGP sold 3,968 shares of Common Stock, (iii) BMT sold 6,741 shares of Common Stock, (iv) BMKH sold 5,224 shares of Common Stock, (v) BMCO sold 39,547 shares of Common Stock, (vi) BMD sold 7,329 shares of Common Stock, (vii) BMM sold 14,051 shares of Common Stock, (viii) BMSC sold 5,491 shares of Common Stock, and (ix) BMST sold 10,069 shares of Common Stock.

F8: The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16(a)-3(j) under the Exchange Act. The Form 4 for certain additional transactions and Reporting Persons is being filed separately and simultaneously with this Form 4 due to the limitation of 10 Reporting Persons per filing.