Sec Form 4 Filing - Newtyn Management, LLC @ Garrett Motion Inc. - 2021-01-04

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Newtyn Management, LLC
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
_____ Officer (give title below) X __ Other (specify below)
Member of 10% owner group
(Last) (First) (Middle)
60 EAST 42ND STREET, 9TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
01/04/2021
(Street)
NEW YORK, NY
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 01/04/2021 P 60,112 A $ 4.402 1,715,112 I See Footnote ( 1 )
Common Stock 01/04/2021 S 60,112 D $ 4.399 1,655,000 I See Footnote ( 1 )
Common Stock 01/06/2021 P 67,310 A $ 4.629 1,722,310 I See Footnote ( 1 )
Common Stock 01/07/2021 P 16,939 A $ 4.734 1,739,249 I See Footnote ( 1 )
Common Stock 01/08/2021 P 62,846 A $ 4.663 1,802,095 I See Footnote ( 1 )
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
Newtyn Management, LLC
60 EAST 42ND STREET, 9TH FLOOR
NEW YORK, NY
Member of 10% owner group
NEWTYN PARTNERS, LP
60 EAST 42ND STREET, 9TH FLOOR
NEW YORK, NY10165
Member of 10% owner group
NEWTYN TE PARTNERS, LP
60 EAST 42ND STREET, 9TH FLOOR
NEW YORK, NY
Member of 10% owner group
Newtyn Capital Partners, LP
60 EAST 42ND STREET, 9TH FLOOR
NEW YORK, NY10165
Member of 10% owner group
Ledo Capital, LLC
60 EAST 42ND STREET, 9TH FLOOR
NEW YORK, NY10165
Member of 10% owner group
Levy Noah G.
60 EAST 42ND STREET, 9TH FLOOR
NEW YORK, NY10165
Member of 10% owner group
Signatures
Newtyn Partners, LP, By: Newtyn Management, LLC, Investment Manager, By: /s/ Eugene Dozortsev, Name: Eugene Dozortsev, Title: Authorized Signatory 01/11/2021
Signature of Reporting Person Date
Newtyn TE Partners, LP, By: Newtyn Management, LLC, Investment Manager, By: /s/ Eugene Dozortsev, Name: Eugene Dozortsev, Title: Authorized Signatory 01/11/2021
Signature of Reporting Person Date
Newtyn Management, LLC, /s/ Eugene Dozortsev, Eugene Dozortsev, Authorized Signatory 01/11/2021
Signature of Reporting Person Date
Newtyn Capital Partners, LP, By: Ledo Capital, LLC, General Partner, By: /s/ Eugene Dozortsev, Name: Eugene Dozortsev, Title: Authorized Signatory 01/11/2021
Signature of Reporting Person Date
Ledo Capital, LLC, By: /s/ Eugene Dozortsev, Name: Eugene Dozortsev, Title: Authorized Signatory 01/11/2021
Signature of Reporting Person Date
/s/ Noah Levy 01/11/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Newtyn Partners, LP ("NP") and Newtyn TE Partners, LP ("NTE") directly hold 1,117,299 and 684,796 shares, respectively, of common stock of Garrett Motion Inc. (the "Company"). Newtyn Management, LLC ("NM") is the investment manager of NP and NTE. Newtyn Capital Partners, LP ("NCP") is the general partner to each of NP and NTE. Ledo Capital, LLC ("Ledo") is the general partner to NCP. Mr. Noah Levy is managing member to NM. NP, NTE, NM, NCP, Ledo and Mr. Levy are collectively referred to as the "Reporting Persons."

Remarks:
The Reporting Persons are jointly filing this Form 4. The Reporting Persons may be deemed to be members of a group (for purposes of Rule 13d-3 under the Securities Exchange Act of 1934) with the other shareholders of the Company party to the Amended and Restated Coordination Agreement, dated October 20, 2020, filed as Exhibit 99.1 to the Reporting Persons' Schedule 13D filed on October 26, 2020. The Reporting Persons disclaim beneficial ownership of any securities reported by any person except to the extent of their pecuniary interest therein.

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.