LIDDELL CHRISTOPHER P 4
4 · General Motors Co · Filed Oct 4, 2010
Insider Transaction Report
Form 4
General Motors CoNO SYMBOL
LIDDELL CHRISTOPHER P
Vice Chairman & CFO
Transactions
- Award
Salary Stock Units
2010-09-30+15,979→ 15,979 totalExercise: $0.00→ Common Stock (15,979 underlying)
Footnotes (2)
- [F1]The Salary Stock Units ("SSUs") were awarded on September 30, 2010 pursuant to the Company's Salary Stock Plan (the "GMSSP"), and will be settled in three equal, annual installments beginning on September 30, 2011. Each SSU is fully vested 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. The SSUs do not have an expiration or exercise date.
- [F2]The SSUs do not carry a conversion or exercise price.