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General Motors Co — Director's Dealing 2015
Jul 2, 2015
29983_dirs_2015-07-02_cc5c43cb-3ef5-4070-8834-b8f157983d9b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: General Motors Co (GM)
CIK: 0001467858
Period of Report: 2015-06-30
Reporting Person: Ammann Daniel (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-06-30 | Common Stock | M | 11043 | — | Acquired | 169981 | Direct |
| 2015-06-30 | Common Stock | F | 5169 | $33.32 | Disposed | 164812 | Direct |
| 2015-06-30 | Common Stock | M | 7078 | — | Acquired | 171890 | Direct |
| 2015-06-30 | Common Stock | F | 3313 | $33.32 | Disposed | 168577 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-06-30 | Salary Stock Units | $0.0 | M | 11043 | Disposed | Common Stock (11043.0) | Direct | |
| 2015-06-30 | Salary Stock Units | $0.0 | M | 7078 | Disposed | Common Stock (7078.0) | 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 June 30, 2012 pursuant to the Company's Salary Stock Plan (the "GMSSP"). The portion of this award currently payable was settled on June 30, 2015, less a portion withheld for taxes.
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. The GMSSP gives the Reporting Person the option of having a settlement made by delivery of shares of the Company's common stock or 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 $33.32.
F3: The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on June 30, 2013 pursuant to the GMSSP. The portion of this award currently payable was settled on June 30, 2015, less a portion withheld for taxes.
F4: The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.