KREBS ROBERT D 4
4 · General Motors Co · Filed Jan 4, 2012
Insider Transaction Report
Form 4
KREBS ROBERT D
Director
Transactions
- Award
Deferred Share Units
2011-12-31+3,540→ 3,540 total→ Common Stock (3,540 underlying)
Footnotes (1)
- [F1]Deferred share units were awarded on December 31, 2011 pursuant to the General Motors Company Deferred Compensation Plan for Non-Employee Directors. Each non-employee director is required to defer one-half of the $200,000 annual retainer fee for service on the Board of Directors into share units of the Company's Common Stock ("Deferred Share Units"), and may elect to defer all or 50% of the remaining retainer into additional Deferred Share Units. Amounts credited as Deferred Share Units will not be available until after the director retires or otherwise leaves the Board, at which time he or she will receive a cash payment or payments based on the number of share units in his or her account, valued at the average daily market price of the Common Stock for the quarter immediately preceding payment. The Deferred Share Units do not have a conversion or exercise price, or an exercise or expiration date.