4//SEC Filing
WHITACRE EDWARD E JR 4
Accession 0001127602-10-018382
CIK 0001467858other
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 10:57 AM ET
Size
11.9 KB
Accession
0001127602-10-018382
Insider Transaction Report
Form 4
General Motors CoNO SYMBOL
WHITACRE EDWARD E JR
DirectorChairman & CEO
Transactions
- Award
Salary Stock Units
2010-06-30+24,547→ 24,547 totalExercise: $0.00→ Common Stock (24,547 underlying) - Award
Salary Stock Units
2010-03-31+24,547→ 24,547 totalExercise: $0.00→ Common Stock (24,547 underlying)
Footnotes (3)
- [F1]The Initial Statement of Beneficial Ownership on Form 3 that was filed by the reporting person on June 7, 2010, in connection with the effectiveness of the Company's Registration Statement on Form 10, reflected the holdings of shares held by him or her directly and indirectly at the time of the filing of the Form 3. Transactions giving rise to the filing of this Statement of Changes to Beneficial Ownership on Form 4 by the reporting person occurred on June 30, 2010. This transaction is being reported on this Form 4 solely for the purposes of reporting the transactions that occurred within six months of the first transaction by the reporting person giving rise to the filing of this report on Form 4, in compliance with Rule 16a-2(a) promulgated under The Securities Exchange Act of 1934, as amended.
- [F2]Pursuant to the Company's Salary Stock Plan (the "GMSSP") each Salary Stock Unit is fully vested upon grant and represents a right to receive one share of the Company's common stock on the applicable settlement date; provided, however, that if a settlement date occurs prior to the date that is six months following a consummation of an initial public offering of the Company's common stock, the SSU will be settled by the delivery of cash in an amount equal to the Fair Market Value (as defined in the GMSSP) of the Company's common stock as of the applicable anniversary date of the SSU's grant. Each grant of SSUs will settle in three equal, annual installments beginning on the one-year anniversary of the date of the grant. The SSUs do not have an expiration or exercise date.
- [F3]The SSUs do not carry a conversion or exercise price. Each SSU is the economic equivalent of one share of the Company's common stock. Since there currently is no observable publicly traded price for the Company's common stock, the fair value of the Company's common stock is estimated pursuant to the GMSSP.
Documents
Issuer
General Motors Co
CIK 0001467858
Entity typeother
Related Parties
1- filerCIK 0001184363
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 10:57 AM ET
- Size
- 11.9 KB