SEC Form 4/A · accession 0001467858-16-000327
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
Mar 1, 2016
Accepted (ET)
Jul 5, 2016 · 6:04 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 1, 2016 | M | 5,224 | $0.00 | A | 6,824 | D | |
| Common Stock | Mar 1, 2016 | D | 3,050 | $29.58 | D | 3,774 | D | |
| Common Stock | Mar 1, 2016 | F | 2,174 | $29.58 | 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 UnitsF3,F4 | $0.00 | Mar 1, 2016 | M | 5,224 | D | — | — | Common Stock | 5,224 | 0 | 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 2013 pursuant to the Company's 2009 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 March 1, 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 $29.58, 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 and delivered upon the vesting of a grant of Restricted Stock Units ("RSUs") awarded on March 1, 2013 pursuant to the Company's 2009 Long-Term Incentive Plan (the "GMLTIP"). This is the final installment of this delivery. Each RSU represents a right to receive one share of the Company's common stock upon settlement.
- F4The RSUs in this item were granted on March 1, 2013 and were settled on March 1, 2016.
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.