Sec Form 4 Filing - Maironi Jerome @ Garrett Motion Inc. - 2020-02-28

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Maironi Jerome
2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, GC & Corp. Secretary
(Last) (First) (Middle)
LA PIECE 16
3. Date of Earliest Transaction (MM/DD/YY)
02/28/2020
(Street)
ROLLE, V81180
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/28/2020 A( 1 ) 50,038 A $ 0 ( 1 ) 293,642 ( 2 ) ( 3 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Maironi Jerome
LA PIECE 16
ROLLE, V81180
SVP, GC & Corp. Secretary
Signatures
/s/ Jerome Maironi 03/03/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported transaction involved the reporting person's receipt of a grant of restricted stock units ("RSUs") under the 2018 Stock Incentive Plan of Garrett Motion Inc. and its Affiliates. The RSUs are scheduled to vest in full on the third anniversary of the grant date, subject to continued employment.
( 2 )This information updates the information in the reporting person's previous Form 4 filed on March 6, 2019 (the "Prior Form 4") to reflect the correct number of shares previously received from Honeywell International Inc. ("Honeywell") as a pro rata dividend. On October 1, 2018, applicable Honeywell stockholders, including the reporting person, received one share of Garrett Motion Inc. ("Garrett") common stock for every ten shares of Honeywell common stock held by such holder to effect the legal and structural separation of Garrett from Honeywell. On that date, the reporting person received a dividend from Honeywell in the aggregate amount of 670 shares of Garrett common stock.
( 3 )(continued from footnote 2) The Prior Form 4 inadvertently reported beneficial ownership of (a) an aggregate of 56,808 shares of Garrett common stock, rather than 57,239 shares actually beneficially owned as of that date, and (b) an aggregate amount of securities beneficially owned of 242,934 shares of Garrett common stock, rather than the aggregate of 243,604 shares of Garrett common stock actually beneficially owned as of that date. As of the date of filing of this Form 4, as reported in Column 5, the reporting person beneficially owns an aggregate of 293,642 shares of Garrett common stock, consisting of (a) 225,004 RSUs (inclusive of 50,038 newly-granted RSUs reported in Column 4) and (b) 68,638 shares of Garrett common stock (inclusive of the 670 shares described above).

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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