SEC Form 4/A · accession 0001467858-16-000326
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
Matthew Tsien
Officer — Executive Vice President
Period of report
Feb 11, 2016
Accepted (ET)
Jul 5, 2016 · 6:02 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 | Feb 11, 2016 | M | 3,651 | $0.00 | A | 5,251 | D | |
| Common Stock | Feb 11, 2016 | D | 2,132 | $26.90 | D | 3,119 | D | |
| Common Stock | Feb 11, 2016 | F | 1,519 | $26.90 | D | 1,600 | D | |
| Common StockF3,F4 | Feb 13, 2016 | M | 8,098 | $0.00 | A | 9,698 | D | |
| Common Stock | Feb 13, 2016 | D | 4,729 | $27.40 | D | 4,969 | D | |
| Common Stock | Feb 13, 2016 | F | 3,369 | $27.40 | D | 1,600 | D | |
| Common StockF3,F4 | Feb 13, 2016 | M | 1,760 | $0.00 | A | 3,360 | D | |
| Common Stock | Feb 13, 2016 | D | 1,027 | $27.71 | D | 2,333 | D | |
| Common Stock | Feb 13, 2016 | F | 733 | $27.71 | D | 1,600 | 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 UnitsF5,F6 | $0.00 | Feb 11, 2016 | M | 3,651 | D | — | — | Common Stock | 3,651 | 7,300 | D |
| Restricted Stock UnitsF7,F6 | $0.00 | Feb 13, 2016 | M | 8,098 | D | — | — | Common Stock | 8,098 | 4,049 | D |
| Restricted Stock UnitsF8,F6 | $0.00 | Feb 13, 2016 | M | 1,760 | D | — | — | Common Stock | 1,760 | 1,759 | D |
Explanation of responses
- F1The Common Stock reported in this item was issued upon the settlement of a portion of the Restricted Stock Units ("RSUs") awarded in 2015 pursuant to the Company's 2014 Long-Term Incentive Plan ("GMLTIP"). Each RSU represents a right to receive one share of the Company's Common Stock upon settlement.
- F2The portion of this award currently payable was settled on February 11, 2016 in cash in an amount equal to the fair market value of the Common Stock, determined under the GMLTIP on the settlement date. The fair value of the Common Stock on the settlement date was $26.90, which was the average of the high and low trading prices for the Common Stock as reported by the New York Stock Exchange on that date.
- F3The Common Stock reported in this item was issued upon the settlement of a portion of the RSUs awarded in 2014 pursuant to the 2014 GMLTIP. Each RSU represents a right to receive one share of the Company's Common Stock upon settlement.
- F4The portion of this award currently payable was settled on February 13, 2016 in cash in an amount equal to the fair market value of the Common Stock, determined under the GMLTIP on the settlement date. The fair value of the Common Stock on the settlement date was $27.40 and 27.71, respectively, which was the average of the high and low trading prices for the Common Stock as reported by the New York Stock Exchange on that date.
- F5The RSUs reported in this item were granted on February 11, 2015 and began being settled in three equal, annual installments on February 11, 2016. Each RSU represents a right to receive one share of the Company's Common Stock upon settlement.
- F6The RSUs do not have a conversion or exercise price or a date on which they become exercisable or expire.
- F7RSUs were awarded on February 13, 2014, pursuant to the 2009 GMLTIP. Two-thirds of the RSUs vested on February 13, 2016, and the remaining one-third will vest on February 13, 2017. Each RSU represents a right to receive one share of the Company's Common Stock upon settlement.
- F8The RSUs were awarded on June 11, 2014 pursuant to the 2014 GMLTIP. One-third of the RSUs vested on February 13, 2016, and the remaining one-third will vest on February 13, 2017. Each RSU respresents a right to receive one share of the Company's Common Stock upon settlement.
Remarks
This amendment is being filed to report the correct settlement of the RSUs. Due to an administrative error, the original filing incorrectly reported that the RSUs were settled in shares rather than cash.