Sec Form 4 Filing - HONEYWELL INTERNATIONAL INC @ Garrett Motion Inc. - 2021-04-30

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
HONEYWELL INTERNATIONAL INC
2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX/GTXMQ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
_____ Officer (give title below) X __ Other (specify below)
May be a member of 10% group
(Last) (First) (Middle)
300 SOUTH TRYON STREET
3. Date of Earliest Transaction (MM/DD/YY)
04/30/2021
(Street)
CHARLOTTE, NC28202
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 04/30/2021 J( 1 )( 2 ) 2,896,116 D $ 0 0 ( 1 ) ( 2 ) 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
HONEYWELL INTERNATIONAL INC
300 SOUTH TRYON STREET
CHARLOTTE, NC28202
May be a member of 10% group
Signatures
/s/ Anna T. Madden, Senior Vice President and General Counsel of Honeywell International Inc. 05/04/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )On September 20, 2020, Garrett Motion Inc. (the "Issuer") and certain of its subsidiaries (collectively, the "Debtors") each filed voluntary petitions (the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the Southern District of New York (the "Bankruptcy Court"). On April 26, 2021, the Debtors filed an amended Chapter 11 plan of reorganization (the "Plan") and on April 9, 2021, the Issuer filed a supplement to the Plan (as amended on April 20, 2021 and April 22, 2021) with the Bankruptcy Court. On April 26, 2021, the Bankruptcy Court entered an order (the "Confirmation Order") among other things, confirming the Plan, and on April 30, 2021 (the "Effective Date"),
( 2 )(Continued from footnote 1) the conditions to effectiveness of the Plan were satisfied or waived and the Debtors emerged from bankruptcy. On the Effective Date, and in accordance with the Plan and Confirmation Order, all shares of the Issuer's common stock, par value $0.001 per share, issued and outstanding immediately prior to the Effective Date (the "Existing Common Stock"), and any rights of any holder in respect thereof, were deemed cancelled, discharged and of no further force or effect. Accordingly, all the 2,896,116 shares of Existing Common Stock that Honeywell International Inc. (the "Reporting Person") owned in the Company were cancelled.

Remarks:
This filing constitutes a Form 4 exit filing for the Reporting Person, as the Reporting Person is no longer subject to Section 16 of the Securities Exchange Act of 1934, as amended, with respect to the Existing Common Stock as a result of the events reported herein.

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).
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