4//SEC Filing
Reilly David Nicholas 4
Accession 0001127602-11-026585
CIK 0001467858other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 1:03 PM ET
Size
17.8 KB
Accession
0001127602-11-026585
Insider Transaction Report
Form 4
Reilly David Nicholas
Vice President
Transactions
- Tax Payment
Common Stock
2011-09-30$20.30/sh−1,510$30,653→ 26,867 total - Tax Payment
Common Stock
2011-09-30$20.30/sh−2,595$52,679→ 30,449 total - Exercise/Conversion
Common Stock
2011-09-30+3,594→ 28,377 total - Exercise/Conversion
Common Stock
2011-09-30+6,177→ 33,044 total - Exercise/Conversion
Salary Stock Units
2011-09-30−3,594→ 3,594 totalExercise: $0.00→ Common Stock (3,594 underlying) - Exercise/Conversion
Salary Stock Units
2011-09-30−6,177→ 12,348 totalExercise: $0.00→ Common Stock (6,177 underlying) - Exercise/Conversion
Common Stock
2011-09-30+28,326→ 58,775 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 September 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 September 30, 2011 in shares of Common Stock, less a portion withheld for taxes.
- [F2]On September 30, 2009 the employee received a grant of 3,594 SSUs, of which 1,198 SSUs were scheduled to be payable on September 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 10,782 SSUs granted on September 30, 2009, of which 3,594 SSUs became payable on September 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 the Company's common stock. Under the GMSSP, the Fair Market Value of the Company's common stock is defined as the average of the high and low trading prices for the Company's common stock as reported on the New York Stock Exchange, on which the Company's common stock is listed, on the date of the transaction, which was $20.30.
- [F4]The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs deemed to have been issued on September 30, 2010 pursuant to the GMSSP and vested upon grant. The portion of this award currently payable was settled on September 30, 2011 in shares of Common Stock, less a portion withheld for taxes.
- [F5]On September 30, 2010 the employee received a grant of 6,175 SSUs, of which 2,059 SSUs were scheduled to be payable on September 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 18,525 SSUs granted on September 30, 2010, of which 6,177 SSUs became payable on September 30, 2011.
- [F6]The SSUs reported in this item were awarded on September 30, 2011 pursuant to the GMSSP, and will be settled in three equal, annual installments beginning on September 30, 2012 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 date of delivery.
Documents
Issuer
General Motors Co
CIK 0001467858
Entity typeother
Related Parties
1- filerCIK 0001366861
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 1:03 PM ET
- Size
- 17.8 KB