PRICING SUPPLEMENT NO. 7 Rule 424(b)(2) (To Prospectus dated June 25, 1998 and Prospectus File No. 33-49285 Supplement dated July 30, 1999) EASTMAN KODAK COMPANY Medium-Term Notes, Series A Floating Rate Notes Due 9 months or More from Date of Issue Principal amount: $100,000,000 Issue date: May 15, 2003 Stated maturity: November 15, 2005 Initial interest rate: To be determined Interest payment dates: February 15, May 15, August 15 and November 15, commencing August 15, 2003 Issue price: 100% Agents: Lehman Brothers Inc. Citigroup Global Markets Inc. Agent's discount or commission: .250% CUSIP number: 27746QAG9 ISIN number: US27746QAG91 Base Rate: LIBOR (LIBOR Telerate) Interest rate reset dates: February 15, May 15, August 15 and November 15 Spread (+/-): +.55% Spread multiplier: N/A Maximum interest rate: N/A Minimum interest rate: N/A Indexed note: Yes X No ----- --- If yes, the principal amount and the interest payable will be determined in the following manner: Index maturity: 3-month Redemption: X We cannot redeem this note prior to --- maturity We can redeem this note prior to maturity --- redemption date redemption price --------------- ---------------- Optional repayment: X You cannot elect to have this note repaid --- prior to maturity You can elect to have this note repaid --- prior to maturity repayment date repayment price -------------- ---------------- Original Issue Discount note: Yes X No ----- --- Total amount of original issue discount: Yield to maturity: Initial accrual period original issue discount: Amortizing note: Yes X No ----- --- Optional Interest Rate Reset: Yes X No ----- --- Extension of Maturity: Yes X No ----- --- Other terms: If the notes are amortizing notes or the notes have an optional interest rate reset or the possibility of an extension of maturity, or if there are other additional features of these notes that have not been described, we will provide additional information below. On June 21, 2001, we increased the size of our Series A Medium-Term Note program from $1,000,000,000 to $2,200,000,000. So far, we have issued $1,550,000,000 of notes, including the notes covered by this pricing supplement. Certain legal matters will be passed upon for the agents by Sidley Austin Brown & Wood LLP. The date of this pricing supplement is May 12, 2003. 2