Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

General Motors Co Director's Dealing 2013

Oct 1, 2013

29983_dirs_2013-10-01_e2a54533-1aad-4402-abcc-12281d60968e.zip

Director's Dealing

Open in viewer

Opens in your device viewer

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: General Motors Co (GM)
CIK: 0001467858
Period of Report: 2013-09-30

Reporting Person: Lee Timothy E (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-09-30 Common Stock M 12731 Acquired 13731 Direct
2013-09-30 Common Stock D 5882 $35.97 Disposed 7849 Direct
2013-09-30 Common Stock F 6849 $35.97 Disposed 1000 Direct
2013-09-30 Common Stock M 6507 Acquired 7507 Direct
2013-09-30 Common Stock D 3006 $35.97 Disposed 4501 Direct
2013-09-30 Common Stock F 3501 $35.97 Disposed 1000 Direct
2013-09-30 Common Stock M 5613 Acquired 6613 Direct
2013-09-30 Common Stock D 2593 $35.97 Disposed 4020 Direct
2013-09-30 Common Stock F 3020 $35.97 Disposed 1000 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2013-09-30 Salary Stock Units $0.0 M 12731 Disposed Common Stock (12731.0) Direct
2013-09-30 Salary Stock Units $0.0 M 6507 Disposed Common Stock (6507.0) Direct
2013-09-30 Salary Stock Units $0.0 M 5613 Disposed Common Stock (5613.0) Direct
2013-09-30 Salary Stock Units $0.0 A 27523 Acquired Common Stock (27523.0) Direct

Footnotes

F1: The Common Stock reported in this item was issued upon the settlement of a portion of a grant of Salary Stock Units ("SSUs) awarded on September 30, 2012 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. The portion of this award currently payable was settled on September 30, 2013 in cash, less a portion withheld for taxes.

F2: Each SSU is the economic equivalent of one share of the Company's common stock (the "Stock"). Grants of SSUs are fully vested when made and will be settled in three equal, annual installments beginning one year after the date of grant. The GMSSP gives the employee the option of having a settlement made by delivery of the Stock or of cash in an amount equal to the fair market value of the Stock as of the applicable anniversary date of the SSUs' grant. Under the GMSSP, the fair value of the Stock is the average of the high and low trading prices for the Stock as reported on the New York Stock Exchange, on which it is listed, on the date of the transaction, which was $35.97. The employee opted to have these settlements made by delivery of cash.

F3: The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on September 30, 2011.

F4: The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on September 30, 2010.

F5: On September 30, 2010 the employee received a grant of 5,615 SSUs, of which 1,871 SSUs were scheduled to be payable on September 30, 2013. On November 1, 2010 the Company amended its certificate of incorporation to effect a stock split in which each issued and outstanding share of Common Stock was converted into three shares of Common Stock. Pursuant to the terms of the GMSSP, each issued and outstanding SSUs was automatically converted into three SSUs, so that the employee was credited with a total of 16,845 SSUs granted on September 30, 2010 of which 5,613 SSUs became payable on September 30, 2013.

F6: The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.

F7: The SSUs reported in this item were granted on September 30, 2013 and will be settled in three equal, annual installments beginning September 30, 2014.