SEC Form 4 · accession 0001467858-16-000311
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig B. Glidden
Officer — Executive Vice President & GC
Period of report
Apr 1, 2016
Accepted (ET)
Apr 5, 2016 · 2:51 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 | Apr 1, 2016 | M | 34,704 | $0.00 | A | 37,626 | D | |
| Common Stock | Apr 1, 2016 | F | 16,409 | $30.47 | D | 21,217 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Apr 1, 2016 | M | 34,704 | D | — | — | Common Stock | 34,704 | 34,703 | D |
Explanation of responses
- F1The Common Stock reported in this item was issued and delivered upon the settlement of a portion of a grant of Restricted Stock Units ("RSUs) awarded on April 1, 2015, pursuant to the Company's 2014 Long-Term Incentive Plan (the "GMLTIP").
- F2The RSUs reported in this item were awarded on April 1, 2015, pursuant to the Company's GMLTIP. One half of the RSUs vested on April 1, 2016, and the remaining half will vest on April 1, 2017, provided that the Reporting Person remains continuously employed through the vesting date. Each RSU represents a right to receive one share of the Company's Common Stock upon settlement. RSUs will be settled when they vest provided that the conditions in the GMLTIP have been satisfied. The RSUs do not have an expiration or exercise date or carry a conversion or exercise price.