SEC Form 4/A · accession 0001467858-15-000153
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
Mary T Barra
Officer — Chief Executive Officer
Period of report
Mar 31, 2015
Accepted (ET)
Jul 2, 2015 · 5:24 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,F2,F3 | Mar 31, 2015 | M | 8,623 | $0.00 | A | 76,288 | D | |
| Common StockF1,F2 | Mar 31, 2015 | D | 4,533 | $37.75 | D | 71,755 | D | |
| Common StockF1,F2 | Mar 31, 2015 | F | 4,090 | $37.75 | D | 67,665 | D | |
| Common StockF4,F1,F2 | Mar 31, 2015 | M | 8,327 | $0.00 | A | 75,992 | D | |
| Common StockF1,F2 | Mar 31, 2015 | D | 4,375 | $37.75 | D | 71,617 | D | |
| Common StockF1,F2 | Mar 31, 2015 | F | 3,952 | $37.75 | D | 67,665 | 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 UnitsF5,F6,F7 | $0.00 | Mar 31, 2015 | M | 8,623 | D | — | — | Common Stock | 8,623 | 0 | D |
| Salary Stock UnitsF8,F6,F7 | $0.00 | Mar 31, 2015 | M | 8,327 | D | — | — | Common Stock | 8,327 | 8,327 | D |
Explanation of responses
- F1This amended Form 4 is being filed to correct the Form 4 filed by the Reporting Person on April 2, 2015 (the "Latest Form 4 Filing"), which incorrectly reported in Column 5 of Table I the amount of securities beneficially owned following each of the reported transactions. The Form 4 filings that were filed on July 5, 2011, October 4, 2011 and January 4, 2012 inadvertently reported the receipt of 16,865, 25,247 and 25,359 Salary Stock Units, respectively, in Table I as shares beneficially owned, instead of in Table II as derivative securities beneficially owned. (Continued in next footnote.)
- F2(Continued from prior footnote.) Additionally, the Reporting Person filed an amended Form 4 on April 2, 2013 (which amended the Form 4 filed by the Reporting Person on January 4, 2011) in order to revise the information reported in such original filing, and all subsequent Form 4 filings inadvertently failed to take into account such revised information. The errors in these filings carried forward in subsequent Form 4 filings and resulted in overstatements in the amounts of securities beneficially owned. Each of the amounts reported in Column 5 of Table I in the Latest Form 4 Filing was overstated by 63,811 shares.
- F3The 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.
- F4The 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.
- F5The SSUs reported in this item were granted on March 31, 2012 and were settled on March 31, 2015.
- F6Each 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.
- F7The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
- F8The SSUs reported in this item were granted on March 31, 2013 and began being settled in three equal, annual installments on March 31, 2014.