SEC Form 4 · accession 0001467858-15-000021
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael P Millikin
Officer — Executive Vice President & GC
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 11:35 am EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467858
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Dec 31, 2014 | M | 5,575 | $0.00 | A | 87,239 | D | |
| Common StockF2 | Dec 31, 2014 | D | 2,932 | $35.17 | D | 84,307 | D | |
| Common StockF2 | Dec 31, 2014 | F | 2,643 | $35.17 | D | 81,664 | D | |
| Common StockF3,F2 | Dec 31, 2014 | M | 7,166 | $0.00 | A | 88,830 | D | |
| Common StockF2 | Dec 31, 2014 | D | 3,769 | $35.17 | D | 85,061 | D | |
| Common StockF2 | Dec 31, 2014 | F | 3,397 | $35.17 | D | 81,664 | D | |
| Common StockF4,F2 | Dec 31, 2014 | M | 8,473 | $0.00 | A | 90,137 | D | |
| Common StockF2 | Dec 31, 2014 | D | 4,456 | $35.17 | D | 85,681 | D | |
| Common StockF2 | Dec 31, 2014 | F | 4,017 | $35.17 | D | 81,664 | D | |
| Common StockF5 | Dec 31, 2014 | M | 58,191 | $0.00 | A | 139,855 | D | |
| Common StockF5 | Dec 31, 2014 | D | 34,648 | $35.17 | D | 105,207 | D | |
| Common StockF5 | Dec 31, 2014 | F | 23,543 | $35.17 | D | 81,664 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Salary Stock UnitsF1,F2,F6 | $0.00 | Dec 31, 2014 | M | 5,575 | D | — | — | Common Stock | 5,575 | 11,149 | D |
| Salary Stock UnitsF3,F2,F6 | $0.00 | Dec 31, 2014 | M | 7,166 | D | — | — | Common Stock | 7,166 | 7,165 | D |
| Salary Stock UnitsF4,F2,F6 | $0.00 | Dec 31, 2014 | M | 8,473 | D | — | — | Common Stock | 8,473 | 0 | D |
| Restricted Stock UnitsF5,F7 | $0.00 | Dec 31, 2014 | M | 58,191 | D | — | — | Common Stock | 58,191 | 0 | D |
Explanation of responses
- F1The Common Stock reported in this item was issued upon the settlement of a portion of a grant of Salary Stock Units ("SSUs") awarded on December 31, 2013 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. The portion of this award currently payable was settled on December 31, 2014.
- F2Each 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 $35.17. The employee opted to have these settlements made by delivery of cash, less a portion withheld for taxes.
- F3The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on December 31, 2012.
- F4The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on December 31, 2011.
- F5Restricted Stock Units ("RSUs") were awarded on March 31, 2014, pursuant to the Company's 2009 Long-Term Incentive Plan (the "GMLTIP"). Each RSU represents a right to receive one share of the Company's common stock upon settlement. The RSUs reported in this item were issued upon vesting of this award on December 31, 2014.
- F6The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
- F7The RSUs do not have a date on which they become exercisable or expire.