SEC Form 4 · accession 0001467858-18-000060
General Motors Co · GM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark L Reuss
Officer — Executive Vice President
Period of report
Feb 15, 2018
Accepted (ET)
Feb 20, 2018 · 7:07 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 15, 2018 | M | 165,944 | $31.32 | A | 369,878 | D | |
| Common StockF2,F3 | Feb 15, 2018 | S | 165,944 | $41.85 | D | 203,934 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F1,F4 | $31.32 | Feb 15, 2018 | A | 165,944 | A | Feb 15, 2018 | Jul 28, 2025 | Common Stock | 165,944 | 165,944 | D |
| Employee Stock Option (Right to Buy)F4 | $31.32 | Feb 15, 2018 | M | 165,944 | D | Feb 15, 2018 | Jul 28, 2025 | Common Stock | 165,944 | 0 | D |
Explanation of responses
- F1On February 15, 2018, 20% of the July 28, 2015 Driving Stockholder Value Stock Option Grant vested upon meeting or exceeding the median Total Shareholder Return ("TSR") of the peer group for the period July 28, 2015 through December 31, 2017.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.
- F3The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $41.60 to $42.12, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote.
- F4Represents the vested and unexercised portion of the 2015 Driving Shareholder Value Stock Option Grant, 40% of which vested on February 15, 2017 and 20% of which vested on February 15, 2018.