4//SEC Filing
Kline Terry S 4
Accession 0001127602-11-020658
CIK 0001467858other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 4:48 PM ET
Size
17.5 KB
Accession
0001127602-11-020658
Insider Transaction Report
Form 4
Kline Terry S
Vice President & CIO
Transactions
- Exercise/Conversion
Salary Stock Units
2011-06-30−1,386→ 1,386 totalExercise: $0.00→ Common Stock (1,386 underlying) - Exercise/Conversion
Common Stock
2011-06-30+3,261→ 16,697 total - Exercise/Conversion
Salary Stock Units
2011-06-30−3,261→ 6,516 totalExercise: $0.00→ Common Stock (3,261 underlying) - Tax Payment
Common Stock
2011-06-30$30.39/sh−1,005$30,542→ 15,692 total - Exercise/Conversion
Common Stock
2011-06-30+5,841→ 21,533 total - Exercise/Conversion
Common Stock
2011-06-30+1,386→ 13,863 total - Tax Payment
Common Stock
2011-06-30$30.39/sh−427$12,977→ 13,436 total
Footnotes (6)
- [F1]The Common Stock reported in this item was issued upon the settlement of a portion of a grant of Salary Stock Units ("SSUs) deemed to have been issued, nunc pro tunc, on June 30, 2009 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. The portion of this award currently payable was settled on June 30, 2011 in shares of Common Stock, less a portion withheld for taxes.
- [F2]On June 30, 2009 the employee received a grant of 1,386 SSUs, of which 462 SSUs were scheduled to be payable on June 30, 2011. On November 1, 2010 the Company amended its certificate of incorporation to effect a stock split in which each issued and outstanding share of Common Stock was converted into three shares of Common Stock (the "Stock Split"). Pursuant to the terms of the GMSSP, each issued and outstanding SSUs was automatically converted upon the effectiveness of the Stock Split into three SSUs, so that the employee was credited with a total of 158 SSUs granted on June 30, 2009, of which 1,386 SSUs became payable on June 30, 2011.
- [F3]The SSUs do not have an expiration or exercise date or carry a conversion or exercise price. Each SSU is the economic equivalent of one share of Common Stock. Under the GMSSP, the Fair Market Value of the Common Stock is the average of the high and low trading prices for the Common Stock as reported on the New York Stock Exchange, on which the Common Stock is listed, on the date of the transaction, which was $30.39.
- [F4]The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs issued on June 30, 2010 pursuant to the GMSSP and vested upon grant. The portion of this award currently payable was settled on June 30, 2011 in shares of the Company's Common Stock, less a portion withheld for taxes.
- [F5]On June 30, 2010 the employee received a grant of 3,261 SSUs, of which 1,087 SSUs were scheduled to be payable on June 30, 2011. Pursuant to the terms of the GMSSP, each issued and outstanding SSUs was automatically converted upon the effectiveness of the Stock Split into three SSUs, so that the employee was credited with a total of 9,783 SSUs granted on June 30, 2010, of which 3,261 SSUs became payable on June 30, 2011.
- [F6]The SSUs reported in this item were granted on June 30, 2011 pursuant to the GMSSP and were fully vested upon grant. The SSUs will be delivered in the form of shares of Common Stock in three equal, annual installments beginning on June 30, 2012.
Documents
Issuer
General Motors Co
CIK 0001467858
Entity typeother
Related Parties
1- filerCIK 0001492156
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 4:48 PM ET
- Size
- 17.5 KB