screwed again
Member
- May 1, 2012
- 74
- 52
I got my 14 shares. I'm rich bi*ch!
2nd equity distribution
- Thread starter screwed again
- Start date
Jimmy Neutron
Veteran
- Dec 2, 2005
- 566
- 99
You all better frame that as it may be the last GIFT you may get for a long long time with your NEW Headmaster Doug Parker at the helm, we over here at US ramp have been working pretty much under double BK contracts now for well over 10 years,while our company has been setting profit records now for years here!!!!!!!!!!!! and our thanks for putting US back together again, and our many many sacrifices has been literally a piece of pie and some sandwiches 
(((( ------ WELCOME o the NIGHTMARE !!!!!
(((( ------ WELCOME o the NIGHTMARE !!!!!
AA Tulsa Mechanic
Senior
- Jul 18, 2008
- 307
- 95
screwing who I got 18 shares it goes off your years of service a number of other factorsdfw gen said:
OP
screwed again
Member
- May 1, 2012
- 74
- 52
- Thread Starter
- Thread starter
- #10
Oh I'm sure we are all getting screwed, but I'd be willing to bet he was making a joke.AA Tulsa Mechanic said:
Overspeed
Veteran
- Jun 27, 2011
- 3,245
- 1,065
That's only the 30 day distribution of only 1.3M shares. There will be others at 60, 90, with the final being 120 days. It's on the jetnet in the FAQ and the AA letter sent out from 591 also lists how there is several distributions leading up to the last one in 120 days.
Key Points
[*] Do keep in mind that these shares are considered wages for purposes of federal and state income taxes and FICA, and are subject to required withholding of taxes. With that in mind, American will withhold enough shares to cover necessary taxes and will distribute the remainder to eligible employees. It’s important that employees complete their W-9, if they have not already done so, prior to selling their shares.
[*] It is not possible to say how many shares of new common stock will ultimately be distributed until the process is complete because the number will vary depending on the trading price of the new common stock during this 120-day period. However, the Day 120 distribution will ensure eligible U.S.-based legacy American employees have received 23.6 percent of the total shares of new common stock distributed to unsecured creditors.
[*] There is a possibility there could be additional small distributions of new common stock on Days 60 and 90, but any such distributions are, for the most part, dependent on the trading price of the new common stock, and for various reasons, are less likely than a Day 120 distribution. In addition, there could be small distributions of new common stock post Day 120 depending upon the resolution of the Disputed Claims Reserve.
[*] Visit the Equity Hub on Jetnet to ensure you and your people have the information and tools you need related to these shares.
Key Points
- In total, eligible U.S.-based legacy American employees will receive new American common stock equal to 23.6 percent of the shares distributed to holders of allowed unsecured claims. That process began on Dec. 9 with the distribution of approximately 25 million shares of new common stock.
- We expect the second distribution to eligible employees to total approximately 1.3 million shares of new common stock. It’s important to note that because this is a small distribution, not all employees will receive shares and for those that do, the distribution will be smaller than the initial distribution. It’s important to note that we will not know the final total number of shares until after the shares are distributed to eligible employees.
- As with the initial distribution, each person’s individual allocation of shares will be based on the eligibility requirements and allocation methodology established for their employee group. For union-represented groups, the unions determined the eligibility criteria and allocation method and calculated each employee’s allocation. For non-union employees, the company established the eligibility requirements and allocation methodology.
For non-union employees who believe their payroll data, eligibility determination or the number of shares allotted is incorrect, they may request a review of their equity calculation. Details of the review process are available on theEquity Hub.
[*] Do keep in mind that these shares are considered wages for purposes of federal and state income taxes and FICA, and are subject to required withholding of taxes. With that in mind, American will withhold enough shares to cover necessary taxes and will distribute the remainder to eligible employees. It’s important that employees complete their W-9, if they have not already done so, prior to selling their shares.
[*] It is not possible to say how many shares of new common stock will ultimately be distributed until the process is complete because the number will vary depending on the trading price of the new common stock during this 120-day period. However, the Day 120 distribution will ensure eligible U.S.-based legacy American employees have received 23.6 percent of the total shares of new common stock distributed to unsecured creditors.
[*] There is a possibility there could be additional small distributions of new common stock on Days 60 and 90, but any such distributions are, for the most part, dependent on the trading price of the new common stock, and for various reasons, are less likely than a Day 120 distribution. In addition, there could be small distributions of new common stock post Day 120 depending upon the resolution of the Disputed Claims Reserve.
[*] Visit the Equity Hub on Jetnet to ensure you and your people have the information and tools you need related to these shares.
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