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General Motors Co — Director's Dealing 2013
Apr 10, 2013
29983_dirs_2013-04-10_c60e13a0-ba7f-418b-af4a-336b0b5134c4.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: General Motors Co (GM)
CIK: 0001467858
Period of Report: 2013-03-31
Reporting Person: Neumann Karl-Thomas (Vice President)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-03-31 | Salary Stock Units | $ | A | 7894 | Acquired | Common Stock (7894.0) | Direct | |
| 2013-04-01 | Restricted Stock Units | $ | A | 53822 | Acquired | Common Stock (53822.0) | Direct |
Footnotes
F1: The Salary Stock Units ("SSUs) reported in this item were granted on March 31, 2013 pursuant to the Company's Salary Stock Plan (the "GMSSP") and will be settled in three equal, annual installments beginning March 31, 2014.
F2: Each SSU is the economic equivalent of one share of the Company's common stock. Grants of SSU are fully vested when made and will be settled in three equal, annual installments beginning one year after the date of grant, by the delivery of cash in an amount equal to the fair market value of the Company's common stock as of the applicable anniversary date of the SSU's grant. Under the GMSSP, the fair value of the Company's common stock is the average of the high and low trading prices for the Company's common stock as reported on the New York Stock Exchange, on which it is listed, on the date of the transaction, which was $27.87.
F3: The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
F4: Restricted Stock Units ("RSUs") were awarded on April 1, 2013, pursuant to the Company's 2009 Long-Term Incentive Plan (the "GMLTP"). One half of the RSUs will vest on February 28, 2014, and the remaining half will vest on February 28, 2015, provided that the reporting person remains continuously employed through the vesting date. Each RSU represents a right to receive one shares of the Company's common stock upon settlement. RSUs will be settled when they vest provided that the conditions in the GMLTP have been satisfied. The RSUs do not have an expiration or exercise date or carry a conversion or exercise price.