SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
X
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Adamczyk Darius

(Last) (First) (Middle)
300 SOUTH TRYON STREET

(Street)
CHARLOTTE NC 28202

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Garrett Motion Inc. [ GTX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2021
4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Restricted Stock Units(1) (1) 10/01/2021 D 9,290(1) (1) (1) Common Stock 9,290 $0.00 0 D
Explanation of Responses:
1. On September 30, 2021, the Reporting Person departed from the board of directors of Garrett Motion Inc. (the "Company"). As a result, on October 1, 2021, the Reporting Person's restricted stock units were forfeited.
Remarks:
This filing constitutes an exit filing for the Reporting Person, as the Reporting Person is no longer subject to Section 16 of the Exchange Act as a result of his departure as a director of the Company on September 30, 2021.
/s/ Su Ping Lu, pursuant to Power of Attorney filed herewith 10/05/2021
** 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 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.
                               POWER OF ATTORNEY

     KNOW ALL BY THESE PRESENTS, that the undersigned hereby makes, constitutes
and appoints each of Anne T. Madden, Victor Miller, Lynn Dummett, and Su Ping
Lu, acting singly and with full power of substitution or revocation, the
undersigned's true and lawful attorneys-in-fact, with full power and authority
as hereinafter described on behalf of and in the name, place and stead of the
undersigned to:

     (i)   execute for and on behalf of the undersigned, in the undersigned's
           capacity as a director, director nominee, officer or beneficial owner
           of shares of common stock of Garrett Motion Inc., a Delaware
           corporation (the "Company"), any Schedule 13D or Schedule 13G, and
           any amendments, supplements or exhibits thereto (including any joint
           filing agreements) required to be filed by the undersigned under
           Section 13 of the Securities Exchange Act of 1934, as amended, and
           the rules promulgated thereunder (the "Exchange Act"), and any Forms
           3, 4, and 5 and any amendments, supplements or exhibits thereto
           required to be filed by the undersigned under Section 16(a) of the
           Exchange Act;

     (ii)   do and perform any and all acts for and on behalf of the undersigned
            which may be necessary or desirable to complete and execute any such
            schedules or forms and timely file such forms with the United States
            Securities and Exchange Commission and any applicable stock
            exchange; and

     (iii)   take any other action of any type whatsoever in connection with the
             foregoing which, in the opinion of such attorneys-in-fact, may be
             of benefit to, in the best interest of, or legally required by, the
             undersigned, it being understood that the documents executed by
             such attorneys-in-fact on behalf of the undersigned pursuant to
             this Power of Attorney shall be in such form and shall contain such
             terms and conditions as such attorneys-in-fact may approve in such
             attorneys-in- fact's discretion.

     The undersigned hereby grants to such attorneys-in-fact full power and
authority to do and perform any and every act and thing whatsoever requisite,
necessary, or proper to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that such attorneys-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of this power of
attorney and the rights and powers herein granted. The undersigned acknowledges
that the foregoing attorneys-in- fact, in serving in such capacity at the
request of the undersigned, are not assuming, nor is the Company assuming, any
of the undersigned's responsibilities to comply with, or any liability for the
failure to comply with, Section 13 and/or Section 16 of the Exchange Act.

     This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file reports or schedules under Section 13
or Section 16 of the Exchange Act with respect to the Company, unless earlier
revoked by the undersigned in a signed writing delivered to the foregoing
attorneys-in-fact.

                                   * * * * *

     IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of this 10th day of May 2021.


                                /s/ Darius Adamczyk
                                ---------------------------------
                                Darius Adamczyk