Day-120 Equity Distribution
Day-120 Equity Distribution – April 10, 2014
Congratulations! The 120-day distribution is now available for eligible pre-merger AA employees to hold, sell or transfer. This final distribution of 1,483,357 million shares to APFA brings the total number of shares distributed to APFA to 6,948,530 shares, and a cumulative value of all shares on Day 120 of approximately $250,000,000. For a chart detailing all five equity distributions to pre-merger AA Flight Attendants including the total value of shares at each distribution date, click here.
As you know, the majority of pre-merger AA employees were 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. A second distribution was made on the Day 30 mark of approximately 1.1 million shares. A third distribution was made on Day 60 of approximately 1 million shares and a fourth distribution was made on Day 90 of approximately 750,000 shares bringing the total number of AAL shares distributed to eligible U.S.-based pre-merger AA employees to 34.7 million.
As was the case for the first four equity distributions, APFA’s Equity Claim Call Center is now available for all Flight Attendants from 8:00 a.m. to 5:00 p.m. through Friday, April 18, 2014. 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 firstname.lastname@example.org. 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
Currently, no scheduled events...