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General Motors Co — Director's Dealing 2021
Jan 5, 2021
29983_dirs_2021-01-05_1af76e8b-129c-4c02-90fb-b9843cd39f0a.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: 2020-12-31
Reporting Person: Miscik Judith A (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-12-31 | Deferred Share Units | $ | A | 4587 | Acquired | Common Stock (4587.0) | Direct | |
| 2020-12-31 | Deferred Share Units | $ | A | 128 | Acquired | Common Stock (128.0) | Direct |
Footnotes
F1: Deferred Share Units ("DSUs") were awarded pursuant to the General Motors Company Deferred Compensation Plan for Non-Employee Directors (the "Plan"). Under the Plan, each non-employee director is required to defer one-half of the $305,000 annual retainer fee for service on the Board of Directors into DSUs and may elect to defer more.
F2: Amounts credited as DSUs will be paid in cash after the non-employee director leaves the Board, valued at the average closing price of the Company's Common Stock during the quarter immediately preceding payment.
F3: The price of the DSUs is the average closing price of the Company's Common Stock during the previous calendar year.
F4: Represents dividends accrued on DSUs in 2020 that were credited as additional DSUs at the end of the year pursuant to the terms of the Plan.
F5: The dividends were converted to DSUs based on the average of the high and low trading price of the Company's Common Stock on the applicable dividend payment date.
F6: This number includes 1,043 DSUs (previously reported on a Form 4 filed January 3, 2019) and 3,937 DSUs (previously reported on a Form 4 filed January 3, 2020) that were identified as Common Stock in Column 1 due to an administrative error.