Statement of Changes in Beneficial Ownership (4)
February 18 2021 - 4:44PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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KERR DEREK J |
2. Issuer Name and Ticker or Trading Symbol
American Airlines Group Inc.
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AAL
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP and CFO |
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(Last)
(First)
(Middle)
1 SKYVIEW DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
2/16/2021 |
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(Street)
FORT WORTH, TX 76155
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 2/16/2021 | | A | | 158530.0000 (1) | A | $0.0000 | 548081.0000 (2) | D | |
| Common Stock | | | | | | | | 200000.0000 | I | By the Derek J. Kerr 2021 Grantor Retained Annuity Trust |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | Restricted Stock Unit award that vests over three years, with 40 percent of the grant vesting based on continued service through the first anniversary of the grant date, 40 percent of the grant vesting based on continued service through the second anniversary of the grant date, and 20 percent of the grant vesting based on continuous service through the third anniversary of the grant date. |
| (2) | Reflects the transfer of 23,460 shares on December 20, 2020, and 26,540 shares on December 20, 2019, from the Derek J Kerr GRAT ("the GRAT") that were previously shown as indirectly owned and were distributed to the Reporting Person from the GRAT as annuity payments. The reporting person's Form 4 filed on February 20, 2020, misstated the number of shares transferred from the GRAT on December 20, 2019. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
KERR DEREK J
1 SKYVIEW DRIVE
FORT WORTH, TX 76155 |
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| Executive VP and CFO |
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Signatures
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| /s/ Caroline B. Ray, attorney-in-fact | | 2/17/2021 |
| **Signature of Reporting Person | Date |
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