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Tuesday, February 11, 2014 4:52:51 PM
From Jetnet: More Shares on the Way for U.S.-Based Legacy American Employees
February 6, 2014
Dear Colleagues,
We’ve shared before that the majority of U.S.-based legacy American employees are eligible to receive 23.6 percent of the shares of common stock in the new company (AAL) distributed to holders of allowed unsecured claims. As of Jan. 10, American has distributed approximately 26 million AAL shares to eligible U.S.-based legacy American employees.
We are excited to share there will be a third distribution of approximately one million shares to certain U.S.-based legacy American employees. Eligible employees will be able to sell or transfer shares beginning Feb. 10, though they may see their shares in their accounts under “Employee Grants and Awards” as early as Feb. 7. As a reminder, these shares will be available to eligible employees in their Computershare account, which is available by first logging into their retireonline.com account with J.P. Morgan.
It’s important to note that because this is a small distribution and because the company can only issue a whole number of shares, not all employees will receive shares and for those who do, the distribution will be smaller than the initial distribution.
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