. each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made to general unsecured claimholders . the fair value based on the expected number of shares to be distributed to satisfy this deemed claim was approximately $ 1.7 billion . on the effective date , aag made an initial distribution of $ 595 million in common stock and american paid approximately $ 300 million in cash to cover payroll taxes related to the equity distribution