SEC Form 4 · accession 0001467858-16-000304

General Motors Co · GM

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Executive Vice President

Period of report

Mar 31, 2016

Accepted (ET)

Apr 4, 2016 · 4:11 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
Common Stock^F1	Mar 31, 2016	M	120	$0.00	A	12,658	D
Common Stock	Mar 31, 2016	D	64	$31.30	D	12,594	D
Common Stock	Mar 31, 2016	F	56	$31.30	D	12,538	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Salary Stock Units^F2,F3	$0.00	Mar 31, 2016	M	120	D	—	—	Common Stock	120	0	D

F1The Common Stock reported in this item was issued upon the settlement of a portion of a grant of Salary Stock Units ("SSUs") awarded in 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, 2016 in cash, less a portion withheld for taxes.
F2Each SSU is the economic equivalent of one share of the Common Stock. Grants of SSUs are fully vested when made and were settled in three equal, annual installments. The GMSSP gives the Reporting Person the option of having a settlement made by delivery of shares of the Common Stock or by the delivery of cash in an amount equal to the fair market value of the Common Stock as of the applicable anniversary date of the SSU's grant. Under the GMSSP, the fair value of the Common Stock is the average of the high and low trading prices for the Common Stock as reported to the New York Stock Exchange, on which it is listed, on the date of the transaction, which was $31.30.
F3The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.