SEC Form 4/A · accession 0001467858-15-000154
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
Charles K. Stevens III
Officer — Executive Vice President & CFO
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 | Mar 31, 2015 | M | 212 | $0.00 | A | 27,340 | D | |
| Common StockF1 | Mar 31, 2015 | D | 112 | $37.75 | D | 27,228 | D | |
| Common StockF1 | Mar 31, 2015 | F | 100 | $37.75 | D | 27,128 | D | |
| Common StockF3,F1 | Mar 31, 2015 | M | 125 | $0.00 | A | 27,253 | D | |
| Common StockF1 | Mar 31, 2015 | D | 65 | $37.75 | D | 27,188 | D | |
| Common StockF1 | Mar 31, 2015 | F | 60 | $37.75 | D | 27,128 | 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 UnitsF4,F5,F6 | $0.00 | Mar 31, 2015 | M | 212 | D | — | — | Common Stock | 212 | 0 | D |
| Salary Stock UnitsF7,F5,F6 | $0.00 | Mar 31, 2015 | M | 125 | D | — | — | Common Stock | 125 | 125 | 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. In a Form 4 filing that was filed on February 17, 2015, the shares withheld for tax withholding were inadvertently misstated, which overstated the amounts of shares beneficially owned by 113 shares. This error carried forward in subsequent Form 4 filings. Each of the amounts reported in Column 5 of Table I in the Latest Form 4 Filing was overstated by 113 shares.
- 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, 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.
- 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, 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.
- F4The SSUs reported in this item were granted on March 31, 2012 and were settled on March 31, 2015.
- F5Each 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.
- F6The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
- F7The SSUs reported in this item were granted on March 31, 2013 and began being settled in three equal, annual installments on March 31, 2014.