SEC Form 4 · accession 0001467858-15-000109
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen J Girsky
Director
Period of report
Mar 31, 2015
Accepted (ET)
Apr 2, 2015 · 12:44 pm EDT
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 | Mar 31, 2015 | M | 10,903 | $0.00 | A | 113,929 | D | |
| Common Stock | Mar 31, 2015 | D | 5,144 | $37.75 | D | 108,785 | D | |
| Common Stock | Mar 31, 2015 | F | 5,759 | $37.75 | D | 103,026 | D | |
| Common StockF2 | Mar 31, 2015 | M | 12,247 | $0.00 | A | 115,273 | D | |
| Common Stock | Mar 31, 2015 | D | 5,780 | $37.75 | D | 109,493 | D | |
| Common Stock | Mar 31, 2015 | F | 6,467 | $37.75 | D | 103,026 | 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 UnitsF3,F4,F5 | $0.00 | Mar 31, 2015 | M | 10,903 | D | — | — | Common Stock | 10,903 | 0 | D |
| Salary Stock UnitsF6,F4,F5 | $0.00 | Mar 31, 2015 | M | 12,247 | D | — | — | Common Stock | 12,247 | 12,247 | 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 March 31, 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 March 31, 2015 in cash, less a portion withheld for taxes.
- F2The Common Stock reported in this item was issued upon the settlement of a portion of a grant of Salary Stock Units ("SSUs") awarded on March 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 March 31, 2015 in cash, less a portion withheld for taxes.
- F3The SSUs reported in this item were granted on March 31, 2012 and were settled on March 31, 2015.
- F4Each 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 $37.75.
- F5The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
- F6The SSUs reported in this item were granted on March 31, 2013 and began being settled in three equal, annual installments on March 31, 2014.