SEC Filing | Garrett Motion

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SEC FORM 3 SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Bracke Peter

(Last)

(First)

(Middle)

C/O GARRETT MOTION INC.

LA PIECE 16

(Street)

ROLLE

1180

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/06/2019

3. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
INTERIM CFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	52,134	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to Purchase Common Stock	⁽¹⁾	03/04/2029	Common Stock	12,543	16.17	D
Restricted Stock Units	⁽²⁾	⁽²⁾	Common Stock	12,050	⁽²⁾	D
Restricted Stock Units	⁽³⁾	⁽³⁾	Common Stock	4,794	⁽³⁾	D
Restricted Stock Units	⁽⁴⁾	⁽⁴⁾	Common Stock	6,538	⁽⁴⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Stock	19,907	⁽⁵⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Stock	16,788	⁽⁶⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Stock	23,933	⁽⁷⁾	D
Restricted Stock Units	⁽⁸⁾	⁽⁸⁾	Common Stock	11,185	⁽⁸⁾	D
Restricted Stock Units	⁽⁹⁾	⁽⁹⁾	Common Stock	5,647	⁽⁹⁾	D
Restricted Stock Units	⁽¹⁰⁾	⁽¹⁰⁾	Common Stock	22,236	⁽¹⁰⁾	D
Restricted Stock Units	⁽¹¹⁾	⁽¹¹⁾	Common Stock	19,351	⁽¹¹⁾	D

Explanation of Responses:

1. The option will vest and become exercisable in four substantially equal installments on each of the first four anniversaries of March 4, 2019, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

2. Each restricted stock unit ("RSU") represents a contingent right to receive one share of Common Stock. The RSUs vest in full on February 25, 2020, subject to the Reporting Person's continued service with the Issuer through the vesting date.

3. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in three equal installments on each of February 27, 2020, February 27, 2021 and February 27, 2022, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

4. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in full on February 27, 2021, subject to the Reporting Person's continued service with the Issuer through the vesting date.

5. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in full on February 28, 2020, subject to the Reporting Person's continued service with the Issuer through the vesting date.

6. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in two equal installments on each of February 28, 2020 and February 28, 2021, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

7. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in full on March 15, 2020, subject to the Reporting Person's continued service with the Issuer through the vesting date.

8. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in full on March 4, 2021, subject to the Reporting Person's continued service with the Issuer through the vesting date.

9. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in full on March 4, 2022, subject to the Reporting Person's continued service with the Issuer through the vesting date.

10. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs vest in full on July 26, 2020, subject to the Reporting Person's continued service with the Issuer through the vesting date.

11. Each RSU represents a contingent right to receive one share of Common Stock. 9,527 RSUs vest on September 24, 2020 and 9,824 RSUs vest on September 24, 2021, subject to the Reporting Person's continued service with the Issuer through each applicable vesting date.

Remarks:

	/s/ Jerome Maironi, Attorney-in-Fact for Peter Bracke	09/13/2019
	** Signature of Reporting Person	Date
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 5 (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.