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Filing Details

Accession Number:: 0001140361-23-030150
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-06-15 19:36:23
Reporting Period:: 2023-06-13

Accepted Time:: 2023-06-15 19:36:23
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1735707	Garrett Motion Inc.	GTX	()	MA

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
899869	A Seth Klarman	10 St. James Ave. Suite 1700 Boston MA 02116	No	No	No	No
1061768	Baupost Group Llc/Ma	10 St James Ave Suite 1700 Boston MA 02116	No	No	No	No
1738693	Baupost Group Gp, L.l.c.	10 St. James Avenue Suite 1700 Boston MA 02116	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2023-06-13	25,462,810	$0.00	31,195,589	No	4	C	Indirect	See Footnotes
Common Stock	Disposition	2023-06-13	500,000	$8.00	30,695,589	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2023-06-14	3,100,000	$7.73	27,595,589	No	4	S	Indirect	See Footnotes
Common Stock	Disposition	2023-06-15	1,025,000	$7.55	26,570,589	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series A Cumulative Convertible Preferred Stock	Acquisiton	2023-06-13	25,462,810	$0.00	28,120,589	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect

Footnotes

This statement on Form 4 is being jointly filed by The Baupost Group, L.L.C. ("Baupost"), Baupost Group GP, L.L.C. ("Baupost GP"), and Seth A. Klarman ("Mr. Klarman") (collectively, the "Reporting Persons"). Baupost is a registered investment adviser. The principal business of Baupost is to act as an investment adviser to various private investment limited partnerships. Baupost GP, as the manager of Baupost, and Mr. Klarman, as the sole managing member of Baupost GP and a controlling person of Baupost, may be deemed to have beneficial ownership under Section 13 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), of the securities beneficially owned by Baupost. Securities reported on this Form 4 as being beneficially owned by Baupost were purchased on behalf of certain of such partnerships.
(Continued from footnote 1) The Reporting Persons disclaim beneficial ownership of the securities indicated except to the extent of their pecuniary interest therein, and the reporting herein of such securities shall not be construed as an admission that the Reporting Persons are the beneficial owners thereof for purposes of Section 16 of the Exchange Act or for any other purpose.
The common stock reported herein were issued following the automatic conversion of all outstanding the Series A Cumulative Convertible Preferred Stock of Garrett Motion Inc. (the "Conversion") in accordance with the Issuer's certificate of designations for the Series A Cumulative Convertible Preferred Stock.
The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.71 to $7.87. The Reporting Person undertakes to provide the staff at the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.