SEC Form 4 · accession 0001467858-17-000056
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Karl-Thomas Neumann
Officer — Executive Vice President
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 8:31 pm EST
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 | Feb 13, 2017 | M | 6,229 | $0.00 | A | 15,755 | D | |
| Common Stock | Feb 13, 2017 | F | 2,958 | $35.52 | D | 12,797 | D | |
| Common StockF2 | Feb 13, 2017 | S | 1,379 | $35.38 | D | 11,418 | D | |
| Common StockF3 | Feb 13, 2017 | A | 112,128 | $0.00 | A | 123,546 | D | |
| Common Stock | Feb 13, 2017 | F | 53,239 | $35.52 | D | 70,307 | D | |
| Common StockF2 | Feb 14, 2017 | S | 31,079 | $36.71 | D | 39,228 | 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 UnitsF4,F5 | $0.00 | Feb 13, 2017 | M | 6,229 | D | — | — | Common Stock | 6,229 | 0 | D |
Explanation of responses
- F1The Common Stock reported in this item was issued and delivered upon the vesting of a grant of Restricted Stock Units ("RSUs") awarded on June 11, 2014, pursuant to the Company's 2014 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.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person in November 2015. Upon entry into the plan, the Reporting Person provided instructions to his broker to sell shares in quantities and at prices determined at that time. Pursuant to the terms of the plan, the Reporting Person has no discretion to modify those instructions.
- F3On June 11, 2014, the Reporting Person received a grant of Performance Stock Units (PSUs). Under the grant, PSUs could be earned based on the achievement of performance conditions relating to ROIC-adjusted and Global Market Share from January 1, 2014 to December 31, 2016. PSUs vested and settled in shares of common stock on February 13, 2017.
- F4The RSUs in this item were granted on June 11, 2014 and were settled on February 13, 2017.
- F5The RSUs do not have a conversion or exercise price, or a date on which they are exercisable or expire.