SullivanFees_032112

SC1:3209948.5

Objection Deadline: April 4, 2012 at 4:00 p.m. (Eastern Time)

Andrew G. Dietderich John J. Jerome Michael H. Torkin Mark U. Schneiderman SULLIVAN & CROMWELL LLP 125 Broad Street New York, New York 10004 Telephone: (212) 558-4000 Facsimile: (212) 558-3588

Counsel to the Debtors and Debtors in Possession

UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK

In re: EASTMAN KODAK COMPANY, et al.,1

Debtors.

) ) ) ) ) ) )

Chapter 11 Case No. 12-10202 (ALG) (Jointly Administered)

FIRST MONTHLY STATEMENT OF SULLIVAN & CROMWELL LLP,

AS COUNSEL TO THE DEBTORS AND DEBTORS IN POSSESSION, FOR COMPENSATION FOR PROFESSIONAL SERVICES

RENDERED AND REIMBURSEMENT OF EXPENSES INCURRED FOR THE PERIOD FROM JANUARY 19, 2012 THROUGH FEBRUARY 29, 2012

1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification

number, are: Eastman Kodak Company (7150); Creo Manufacturing America LLC (4412); Eastman Kodak International Capital Company, Inc. (2341); Far East Development Ltd. (2300); FPC Inc. (9183); Kodak (Near East), Inc. (7936); Kodak Americas, Ltd. (6256); Kodak Aviation Leasing LLC (5224); Kodak Imaging Network, Inc. (4107); Kodak Philippines, Ltd. (7862); Kodak Portuguesa Limited (9171); Kodak Realty, Inc. (2045); Laser-Pacific Media Corporation (4617); NPEC Inc. (5677); Pakon, Inc. (3462); and Qualex Inc. (6019). The location of the Debtors’ corporate headquarters is: 343 State Street, Rochester, NY 14650.

12-10202-alg Doc 691 Filed 03/20/12 Entered 03/20/12 16:38:19 Main Document Pg 1 of 12

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Summary Sheet

Name of Applicant: Sullivan & Cromwell LLP

Authorized to Provide Professional Services to: The Debtors and Debtors in Possession in the above-captioned cases

Date of Retention: Order entered February 28, 2012 [Docket No. 440] nunc pro tunc to January 19, 2012

Period for Which Compensation and Reimbursement are Sought:

January 19, 2012 through February 29, 2012

Amount of Compensation Sought as Actual, Reasonable and Necessary:

$5,330,542.25

80% of Compensation Sought as Actual, Reasonable and Necessary:

$4,264,433.80

Amount of Expense Reimbursement Sought as Actual, Reasonable and Necessary:

$92,966.15


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Time Summary for Professionals and Paraprofessionals

Timekeeper Rate Hours Fees

Partners: Garrard R. Beeney 9902 1.10 $ 1,089.00

1150 1.60 $ 1,840.00

Bruce E. Clark 990 0.70 $ 693.00

Andrew G. Dietderich 990 161.05 $ 159,439.50

1150 137.60 $ 158,240.00

John L. Hardiman 990 0.50 $ 495.00

David B. Harms 1150 3.60 $ 4,140.00

Steven L. Holley 990 103.90 $ 102,861.00

1150 12.50 $ 14,375.00

Craig Jones 990 4.70 $ 4,653.00

Alexandra D. Korry 1150 10.50 $ 12,075.00

Stephen M. Kotran 1150 5.90 $ 6,785.00

Erik D. Lindauer 990 2.80 $ 2,772.00

1150 45.20 $ 51,980.00

S. Neal McKnight 990 8.50 $ 8,415.00

1150 161.10 $ 185,265.00

Nader A. Mousavi 990 3.90 $ 3,861.00

1150 42.50 $ 48,875.00

Inosi M. Nyatta 990 71.10 $ 70,389.00

1075 0.10 $ 107.50

Mark F. Rosenberg 990 5.80 $ 5,742.00

Matthew A. Schwartz 990 5.30 $ 5,247.00

Max J. Schwartz 990 3.00 $ 2,970.00

Rebecca J. Simmons 990 0.70 $ 693.00

David C. Spitzer 1150 1.90 $ 2,185.00

Marc R. Trevino 990 110.90 $ 109,791.00

1150 1.60 $ 1,840.00

David B. Tulchin 990 0.80 $ 792.00

Richard J. Urowsky 990 2.50 $ 2,475.00

Diana L. Wollman 1150 40.10 $ 46,115.00

Of Counsel Janet Thiele Geldzahler 1050 1.30 $ 1,365.00

2 Two rates appear for those attorneys for which the dual rate structure agreed to between

the Debtors and Sullivan & Cromwell LLP and incorporated in the retention order is relevant.


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Timekeeper Rate Hours Fees Richard R. Howe 990 0.30 $ 297.00

John J. Jerome 990 183.80 $ 181,962.00

1050 13.00 $ 13,650.00

Special Counsel John J. Anselmi 990 7.30 $ 7,227.00

Matthew J. Brennan 990 58.90 $ 58,311.00

William L. Farris 990 2.10 $ 2,079.00

Judith R. Fiorini 990 124.80 $ 123,552.00

Brian D. Glueckstein 990 314.20 $ 311,058.00

Spencer F. Simon 990 20.90 $ 20,691.00

Michael H. Torkin 990 156.30 $ 154,737.00

1050 58.20 $ 61,110.00

Partner and Counsel Total 1,892.55 $ 1,952,239.00

Associates: Megan E. Adams 775 116.60 $ 90,365.00

Daniel Z. Altman 850 157.70 $ 134,045.00

Alexander P. Apostolopoulos 395 20.40 $ 8,058.00

Jahad B. Atieh 550 18.10 $ 9,955.00

Mushfique S. Billah 395 167.70 $ 66,241.50

Ari B. Blaut 775 120.80 $ 93,620.00

Jeannette E. Braun 395 119.90 $ 47,360.50

Rita M. Carrier 775 4.80 $ 3,720.00

James Chang 660 101.20 $ 66,792.00

Maria C. Charon 850 1.30 $ 1,105.00

Matthew L. Clark 550 19.50 $ 10,725.00

Randall J. Clark 550 125.30 $ 68,915.00

Stephen H. Clarke 550 146.80 $ 80,740.00

Heather L. Coleman 775 234.85 $ 182,008.75

Raffaele A. DeMarco 550 4.80 $ 2,640.00

Paul H. Dumaine 395 156.80 $ 61,936.00

Jane H. Edwards 660 89.00 $ 58,740.00

Maureen A. Fitzgerald 800 178.30 $ 142,640.00

Jill C. Gadwood 660 287.60 $ 189,816.00

Qian Allison Gao 800 63.30 $ 50,640.00

Joshua D. Glickman 660 12.20 $ 8,052.00

Robert A. Gomez 760 51.30 $ 38,988.00

Steven M. Grossman 550 74.90 $ 41,195.00

Dustin F. Guzior 550 76.50 $ 42,075.00

Adam S. Harris 395 28.10 $ 11,099.50


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Timekeeper Rate Hours Fees Vijay S. Iyer 775 34.60 $ 26,815.00

Matthew H. Jasilli 550 75.00 $ 41,250.00

Brian D. Jebb 850 3.20 $ 2,720.00

Malcolm G. Katz 775 233.80 $ 181,195.00

Noam B. Katz 660 156.50 $ 103,290.00

Brigitte LeBlanc-Lapointe 760 3.10 $ 2,356.00

Rosita H.Y. Lee 550 103.40 $ 56,870.00

Chiansan Ma 395 60.20 $ 23,779.00

Adrienne D. Maxwell 550 43.00 $ 23,650.00

Theodore A.B. McCombs 760 33.20 $ 25,232.00

Jason J. McInnes 660 17.80 $ 11,748.00

Aliya M. McLendon 775 34.00 $ 26,350.00

Ann-Elizabeth Ostrager 660 43.30 $ 28,578.00

Yakob M. Peterseil 660 31.10 $ 20,526.00

Stephen R. Pratt 550 13.30 $ 7,315.00

John Quinn 550 2.10 $ 1,155.00

Scott Ratner 395 61.60 $ 24,332.00

Aniruddh Ravi 395 231.00 $ 91,245.00

Stanley A. Roberts 825 213.30 $ 175,972.50

Jonathan G. Rohr 660 12.90 $ 8,514.00

R. Connor Schillerstrom 395 125.10 $ 49,414.50

Mark U. Schneiderman 800 300.35 $ 240,280.00

Brian S. Schwartz 395 84.90 $ 33,535.50

Scott W. Schwartz 660 14.70 $ 9,702.00

Damien G. Scott 660 0.70 $ 462.00

Adam A. Sofen 775 28.40 $ 22,010.00

Thomas M. Spahn 395 13.70 $ 5,411.50

Neil J. Toomey 395 65.10 $ 25,714.50

Tiffany J. Tucker 660 10.70 $ 7,062.00

Jane Y. Wang 550 43.80 $ 24,090.00

John C. Wildt 550 0.50 $ 275.00

Ping Chi Bobby Yeh 395 65.70 $ 25,951.50

Oded Zaluski 760 140.70 $ 106,932.00

Eduardo Zilberberg 660 1.20 $ 792.00

David R. Zylberberg 550 301.20 $ 165,660.00

Associates Total 4,980.90 $ 3,111,657.25

Lawyers Total 6,873.45 $ 5,063,896.25

Non Legal Personnel Thomas P. Angiulo 290 27.80 $ 8,062.00

Rolisa C. Anthony 210 15.50 $ 3,255.00


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Timekeeper Rate Hours Fees Scott T. Arena 290 2.50 $ 725.00

Shari A. Castelli 290 4.00 $ 1,160.00

Jeffrey H. Chiu 290 3.00 $ 870.00

Kimberly N. Council 290 7.90 $ 2,291.00

William V. Cuddy 255 1.50 $ 382.50

Makeia K. Davis 290 1.50 $ 435.00

Katherine B. Doyle 290 104.70 $ 30,363.00

Choun F. Ea 290 8.00 $ 2,320.00

Scotti D. Fujisaka 290 0.70 $ 203.00

Brian S. Garbow 255 3.50 $ 892.50

Teresa A. Gorman 290 6.00 $ 1,740.00

Wei Guo 290 2.80 $ 812.00

Sandra S. Hough 255 14.70 $ 3,748.50

Nicole M. Irizarry 290 2.20 $ 638.00

Dave N. James 130 0.50 $ 65.00

Kimberly Williams Kaseem 290 7.80 $ 2,262.00

Tariq Khwaja 290 4.50 $ 1,305.00

Jordan A. Kobb 290 33.90 $ 9,831.00

Alla P. Lampariello 290 3.30 $ 957.00

Christian C. Lee 290 9.20 $ 2,668.00

Cristina W. Liebolt 290 217.20 $ 62,988.00

Nathaniel S. Lopez 290 1.50 $ 435.00

Nicholas J. Maggipinto 290 6.60 $ 1,914.00

Ruth P. Martinez-Sardinha 290 7.10 $ 2,059.00

Ahmed A. Mian 290 0.80 $ 232.00

Jeffrey L. Michne 290 0.70 $ 203.00

Bach-Yen T. Nguyen 290 52.20 $ 15,138.00

Brian J. Nolan 290 14.60 $ 4,234.00

Denise J. Noller 290 0.30 $ 87.00

Denise J. Noller 290 1.00 $ 290.00

Michael R. Normile 290 0.50 $ 145.00

Michael D. Pearson 290 11.40 $ 3,306.00

Gregoire M. Petit 290 2.80 $ 812.00

Lucy A. Redmond 290 7.30 $ 2,117.00

Nina E. Rosenthal 290 8.80 $ 2,552.00

Evelyn H. Seeger 290 12.60 $ 3,654.00

Adina E. Shapiro 290 8.50 $ 2,465.00

Faisal M. Sheikh 290 4.60 $ 1,334.00

Jamie R. Smith-George 290 28.10 $ 8,149.00

Anna H. Song 255 199.70 $ 50,923.50

Penny H. Timmons 290 1.80 $ 522.00


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Timekeeper Rate Hours Fees Marshall R. Voizard 290 9.50 $ 2,755.00

Kensington A. Wolgamott 290 0.80 $ 232.00

Zara E. Zweber 290 86.60 $ 25,114.00

Non Legal Personnel Total 950.50 $ 266,646.00

Grand Total For All Personnel 7,823.95 $ 5,330,542.25


-8- SC1:3209948.5

Compensation by Matter

Summary of Services Rendered

FIVE PROJECTS

Project Code

Project Hours Fees

10000 Asset Analysis And Recovery 27.80 15,056.00

10001 Asset Disposition 1,103.10 747,074.00

10002 Business Operations 785.30 551,904.00

10003 Case Administration 867.10 395,125.00

10004 Claims Administration 87.00 69,658.50

10005 Employee Benefits/Pensions 842.60 515,200.50

10006 S&C Fee / Retention Applications 251.50 189,040.00

10007 Other Fee / Retention Applications 69.80 48,658.50

10008 Fee / Retention Objections 0 0

10009 Financing Matters 979.90 746,684.50

10010 Litigation 1,559.10 1,175,009.00

10011 Plan and Disclosure Statement 0 00

10012 UCC And Creditor Matters 104.50 76,108.00

10013 Relief From Stay Proceedings 28.60 17,263.00

10014 Tax Issues 313.40 252,512.50

10015 Intellectual Property Matters 239.90 152,561.50

10016 Environmental Matters 73.30 65,099.00

10017 Public Disclosure Matters 82.20 54,987.00

10018 Non-Working Travel Time 26.05 22,644.25

10019 Hearing Attendance 95.00 75,815.00

10020 Company Indemnification Obligations 19.60 15,029.00 10021 Analyze Exec Contracts Assumpt / Rejection 263.60 141,959.00 10022 Strategic Advice 4.60 3,154.00

TOTAL 7,823.95 5,330,542.25


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Expense Summary

Disbursements Amounts

Transportation between New York, New York and Rochester, New York and expenses in Rochester January 30 to January 31, February 6 to February 7, February 9, February 10, February 17 and February 28 to February 29, 2012 $ 8,211.92

Telephone charges $ 774.00

Reproducing documents $ 25,080.80

CT Corporation System – services and disbursements $ 7,450.46

Outside reproduction

Merrill Corporation – copying services $ 2,224.86

McNair Duplicating & Microfilm – copying services $ 238.70

Vendor disbursements

Andaz Wall Street - conference rooms/podium rental $ 4,253.94

Hotel room $ 437.81

Register of Copyrights – recordation of release of security interest $ 195.00

AWHFY, L.P. – publishes bankruptcy rules in books $ 493.20

Outside Temporary Paralegal Assistants:

Update Staffing Services $ 6,486.25

Courier services $ 475.59

Document preparation $ 21,157.20

Local transportation $ 12,854.53

Meals $ 7,419.94

Messenger $ 188.00

Miscellaneous disbursements $ 23.95

$ 97,966.15


SC1:3209948.5

In accordance with this Court’s Order Establishing Procedures for Interim

Compensation and Reimbursement of Expenses for Professionals [Docket No. 363] (the

“Compensation Order”), Sullivan & Cromwell LLP (“S&C”), counsel to the above-captioned

debtors and debtors in possession (the “Debtors”), hereby submits this Monthly Statement for

Compensation for Professional Services Rendered and Reimbursement of Expenses Incurred (the

“Monthly Fee Statement”) for the period from January 19, 2012 through February 29, 2012 (the

“Statement Period”). In support of the Monthly Fee Statement, S&C respectfully represents as

follows:

Relief Requested

1. S&C submits this Monthly Fee Statement in accordance with the

Compensation Order. All services for which S&C requests compensation were performed for, or

on behalf of, the Debtors.

2. S&C seeks compensation for professional services rendered and

reimbursement of expenses incurred for the Statement Period in the amounts set forth below:

Total Fees $5,330,542.25

Total Expenses $97,966.15

Total $5,428,508.40

3. A detailed statement of hours spent rendering legal services to the Debtors

during the Statement Period is attached hereto as Exhibit A. A detailed list of disbursements

made by S&C during the Statement Period is attached hereto as Exhibit B.

4. Pursuant to the Compensation Order, S&C seeks payment of

$4,362,399.95 from the Debtors for the Statement Period, representing (a) 80% of S&C’s total

fees for services rendered and (b) 100% of the total expenses incurred.


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Notice and Objection Procedures

5. In accordance with the Compensation Order, notice of the Monthly Fee

Statement has been served upon the following parties (collectively, as further defined in the

Compensation Order, “Notice Parties”): (a) Eastman Kodak Company, 343 State Street,

Rochester, New York 14650, Attn.: Dorothy Cusker; (b) counsel to the Debtors, Young

Conaway Stargatt & Taylor, LLP, 1000 North King Street, Wilmington, Delaware 19801, Attn.:

Morgan L. Seward, Esq. and Sullivan & Cromwell LLP, 125 Broad Street, New York, New

York 10004, Attn.: Judith R. Fiorini, Esq.; (c) the U.S. Trustee, 33 Whitehall Street, 21st Floor,

New York, New York 10004; (d) counsel to the Official Committee of Unsecured Creditors,

Milbank, Tweed, Hadley & McCloy LLP, 1 Chase Manhattan Plaza, New York, New York

10005, Attn.: Dennis F. Dunne, Esq. and Tyson M. Lomazow, Esq.; (e) counsel to the agent for

the Debtors’ prepetition secured lenders, Davis Polk & Wardwell LLP, 450 Lexington Avenue,

New York, New York 10007, Attn.: Marshall S. Huebner, Esq.; and (f) counsel to the Ad Hoc

Committee of Second Lien Noteholders, Akin Gump Strauss Hauer & Feld LLP, One Bryant

Park, New York, New York 10036, Attn.: Michael S. Stamer, Esq. and David H. Botter, Esq.

6. Pursuant to the Compensation Order, objections to the Monthly Fee

Statement, if any, must be served upon the Notice Parties, including S&C, no later than April 4,

2012 at 4:00 p.m. (Eastern Time) (the “Objection Deadline”), setting forth the nature of the

objection and the specific amounts of fees and expenses at issue.

7. If no objection to the Monthly Fee Statement is received by the Objection

Deadline, the Debtors will pay to S&C the amounts of fees and expenses identified in the

Monthly Fee Statement.


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8. To the extent an objection to the Monthly Fee Statement is received on or

before the Objection Deadline, the Debtors will withhold payment of that portion of the payment

requested to which the objection is directed and will promptly pay the remainder of the fees and

expenses as set forth herein. To the extent such objection is not resolved, it shall be preserved

and scheduled for consideration at the next interim fee application hearing.

Dated: March 20, 2012 New York, New York

/s/ Andrew G. Dietderich Andrew G. Dietderich John J. Jerome Michael H. Torkin Mark U. Schneiderman SULLIVAN & CROMWELL LLP 125 Broad Street New York, New York 10004 Telephone: (212) 558-4000 Facsimile: (212) 558-3588

Counsel to the Debtors and Debtors in Possession


SullivanFees_032112

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