Sell your shares for cash

If you are ready to sell your shares, you may do so through your Computershare account. For each sale you make, there will be a $15 transaction fee and an additional charge of $.03 per share.

Once the sale is complete, proceeds will be distributed to you in one of the following ways: paper check (default method), direct deposit or bank wire.

• If you think you are going to sell your shares and you would prefer to receive your sale proceeds via direct deposit or wire transfer instead of receiving a check in the mail, you need to update your direct deposit or wire transfer instructions in your Computershare account.

  To allow sufficient time to verify your information and ensure funds are delivered to the correct account, you should submit your bank and account information at least 15 calendar days prior to selling your shares.

  If you elect to receive your proceeds by direct deposit or bank wire, you can expect to receive your proceeds on the sale settlement date, which is the third business day following your transaction.

• If no direct deposit or wire transfer authorization is on file when selling your shares, any proceeds will be mailed as a paper check to the permanent address you have on file. You can expect to receive your proceeds via check approximately 14 days after your sale is complete.

Complete instructions on how to sell your shares and set up direct deposit or wire transfer instructions are available on Jetnet’s Equity Hub, available on the homepage of Jetnet.

For those interested, below is an explanation of how the equity distribution process works. Allow us to be completely honest. This may be complicated and a bit head-hurting, and this is only a summary. The details are in our Plan of Reorganization and Disclosure Statement, available at amrcaseinfo.com.

First, Some Background:

• Under the Plan of Reorganization, there will be a new entity, American Airlines Group, which will issue common stock (also referred to as “shares” or “equity”) to its various stakeholders under the stock symbol “AAL.”
• Twenty-eight (28) percent of AAL common stock will be distributed to existing shareholders of US Airways Group, with one share of AAL stock replacing each share of US Airways (LCC) stock.
• The remaining 72 percent of AAL common stock will be distributed among the various stakeholders of AMR Corporation.
• Under the Plan of Reorganization, American’s employee groups are entitled to receive 23.6 percent of all of the AAL common stock being distributed to the unsecured creditors and American’s employee groups (Creditor Body).
• The breakdown of the 23.6 percent between the American employee groups is as follows:

• APA: 13.5 percent
• TWU Workgroups: 4.8 percent
• AFPA: 3.0 percent
• Agents, Reps and Planners: 1.4 percent
• Management & Support Staff: 0.9 percent

The 120 Day Distribution Process:

• What makes this whole process complicated is that, under the Plan of Reorganization, the number of AAL shares the unsecured creditors receive is dependent on the AAL share price measured over a 120-day period.
• And, since the American employee groups are to receive 23.6 percent of what the entire Creditor Body receives, the number of shares the American employee groups receive is similarly measured over a 120-day period.
• As a result, the distribution of AAL shares to the Creditor Body, including the American employee groups, will take place over a 120-day period.
• On Day 1 (merger close), there will be an initial distribution of shares to the Creditor Body (including employees).
• In addition, the Creditor Body will have the potential to receive a Day 1201 distribution depending on how the AAL share price performs (goes up or down) over the entire 120-day period.
• The Day 120 reconciliation/distribution to the American employee groups is to ensure they receive 23.6 percent of all of the shares distributed to the Creditor Body.

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1 There is a possibility there could be small distributions on Days 30, 60 and 90, but any such distributions are, for the most part, dependent on fluctuations in the stock price, and for various reasons, are less likely than a Day 120 distribution. In addition, there could be small distributions post Day 120 depending upon the resolution of the Disputed Claims Reserve. To learn more about the Disputed Claims Reserve and how it could result in post Day 120 distributions to employees, visit the Equity Hub on Jetnet and refer to the Q&A

What percentage of my total shares will be distributed to me throughout the 120-day process?

The number of shares and thus the percentage of shares to be distributed to the American employee groups will depend upon both the US Airways (“LCC”) share price leading up to the merger close and the new AAL share price at various points in time over the first 120 days after the merger closes. Thus, it is not possible to give a specific answer to this question until Day 120. However, for illustrative purposes only, below is a chart that shows what the distribution to the American employee groups would be at various measurement points based on hypothetical stock prices.