Kodak 2013 Annual Report Download - page 125

Table of Contents
The Predecessor Company reported earnings from continuing operations for eight months ended August 31, 2013. However, no additional
shares of Kodak’s common stock from unvested share-based awards were included in the computation of diluted earnings per share as they
were all anti-dilutive.
If Kodak had reported earnings from continuing operations for the years ended December 31, 2012 and 2011, the following potential shares of
Kodak’s common stock would have been dilutive in the computation of diluted earnings per share:
The computation of diluted earnings per share for the eight months ended August 31, 2013 and the years ended December 31, 2012 and 2011
also excluded the assumed conversion of outstanding employee stock options and detachable warrants to purchase common shares, because the
effects would have been anti-dilutive. The following table sets forth the total amount of outstanding employee stock options and detachable
warrants to purchase common shares as of the end of each reporting period:
Diluted earnings per share calculations for the eight months ended August 31, 2013 and the years ended December 31, 2012 and 2011 could
also reflect shares related to the assumed conversion of approximately $400 million of convertible senior notes due 2017, if dilutive. Kodak’s
diluted (loss) earnings per share excludes the effect of these convertible securities, as they were anti-dilutive for all periods presented.
NOTE 22: STOCK-BASED COMPENSATION
2013 Omnibus Incentive Plan
As part of the Plan, the Bankruptcy Court approved the Company’s 2013 Omnibus Incentive Plan (the “2013 Plan”) which replaces all prior
stock-based employee benefit plans (including the 2005 Omnibus Long-Term Compensation Plan and the 2000 Omnibus Long-Term
Compensation Plan).
The 2013 Plan is administered by the Executive Compensation Committee of the Board of Directors, and the Board of Directors also has the
authority and responsibility granted to the Executive Compensation Committee with respect to the 2013 Plan. Awards under the 2013 Plan may
be cash-based or stock-
based. Officers, directors and employees of the Company and its consolidated subsidiaries are eligible to receive awards
under the 2013 Plan. Unless sooner terminated by the Executive Compensation Committee, no awards may be granted under the 2013 Plan
after the tenth anniversary of the Effective Date.
The maximum number of shares of common stock that may be issued under the 2013 Plan is approximately 4.8 million. In addition, under the
2013 Plan, the maximum number of shares available for the grant of incentive stock options is 2.0 million shares. The maximum number of
shares as to which stock options or stock appreciation rights may be granted to any one person under the 2013 Plan in any calendar year is
2.0 million shares. The maximum number of the performance-based compensation awards that may be granted to any one employee under the
2013 Plan in any calendar year is 1.0 million shares or, in the event such award is paid in cash, $2.5 million. The maximum number of awards
that may be granted to any non-employee director under the 2013 Plan in any calendar year may not exceed a number of awards with a grant
date fair value of $900,000, computed as of the grant date.
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Predecessor
(in millions of shares)
2012
2011
Unvested share-based awards
0.0
0.4
Predecessor
August 31,
December 31,
(in millions of shares)
2013
2012
2011
Employee stock options
7.0
7.9
13.6
Detachable warrants to purchase common shares
40.0
40.0
40.0
Total
47.0
47.9
53.6