SEC Form 4 · accession 0001467858-16-000243
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Theodore M Solso
Director
Period of report
Dec 31, 2015
Accepted (ET)
Jan 5, 2016 · 8:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001467858
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Deferred Share UnitsF1 | $0.00 | Dec 31, 2015 | A | 16,026 | A | — | — | Common Stock | 16,026 | 33,382 | D |
| Deferred Share UnitsF2 | $0.00 | Dec 31, 2015 | A | 1,152 | A | — | — | Common Stock | 1,152 | 34,534 | D |
Explanation of responses
- F1Deferred share units of the Company's Common Stock ("DSUs") were awarded on December 31, 2015 pursuant to the General Motors Company Deferred Compensation Plan (the "Plan") for Non-Employee Directors. Each non-employee director is required to defer one-half of the $250,000 annual retainer fee for service on the Board of Directors into DSUs and may elect to defer more. The retainer fee is converted to DSUs based on the average closing price of the Common Stock for the previous calendar year, which was $34.32. Amounts credited as DSUs will be paid in cash after the director leaves the Board, valued at the average daily closing price of the Common Stock for the quarter immediately preceding payment.
- F2Pursuant to the Plan, dividends on the DSUs are credited in DSUs at the end of year.