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APFA Special Hotline – Day-120 Equity Distribution
As you know, the majority of US-based pre-merger AA 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. The initial distribution of equity occurred on Dec. 9 with approximately 25 million shares of new common stock granted to eligible employees. Much smaller distributions were made on Day 30, 60 and 90. Today, a Day-120 distribution of 7.2 million shares was announced and will be available to all eligible employees to hold, sell or transfer on April 10, 2014. This will bring the total number of AAL shares distributed to eligible U.S.-based pre-merger AA employees to approximately 34.7 million shares.
As we stated in December 2013 on the APFA Equity Web Site, “if the stock price of the new American remains steady over the 120-day distribution period, it is anticipated that approximately half of the distribution to APFA will take place on the first date of trading with the remainder of the distribution on the 120th day. To the extent there are material variations in the trading price of the New American stock over the 120 day distribution period, please refer to the Company’s examples on Jetnet.”
Tomorrow we will know the actual Day-120 allocation of shares and will post a chart showing each of the five distribution dates, the number of shares allocated, and their value on the date distributed.
As was the case for the first four equity distributions, APFA’s Equity Claim Call Center will be available for all Flight Attendants from 8:00 a.m. to 5:00 p.m. Monday through Friday for two weeks beginning April 10th. The toll free number is 855-332-3407. There, you will be able to speak directly to a BMC representative regarding the distribution of the claim. You can also email BMC at email@example.com.
For more information, visit APFA’s equity website and Jetnet. If you have questions about how to access your account or need information on how to buy, sell or transfer your shares, contact AA’s Call Center at 888-285-9438.
AmericanAirlines + US Airways
“On Our Way”
APFA National Communications Coordinator