4//SEC Filing
Stracke Karl-Friedrich 4
Accession 0001127602-12-012734
CIK 0001467858other
Filed
Apr 2, 8:00 PM ET
Accepted
Apr 3, 1:14 PM ET
Size
20.4 KB
Accession
0001127602-12-012734
Insider Transaction Report
Form 4
Stracke Karl-Friedrich
Vice President
Transactions
- Tax Payment
Common Stock
2012-03-31$25.45/sh−717$18,248→ 24,725 total - Exercise/Conversion
Common Stock
2012-03-31+2,385→ 27,110 total - Exercise/Conversion
Salary Stock Units
2012-03-31−2,385→ 2,385 totalExercise: $0.00→ Common Stock (2,385 underlying) - Exercise/Conversion
Common Stock
2012-03-31+1,706→ 26,431 total - Disposition to Issuer
Common Stock
2012-03-31$25.45/sh−989$25,170→ 25,442 total - Disposition to Issuer
Common Stock
2012-03-31$25.45/sh−1,383$35,197→ 25,727 total - Exercise/Conversion
Salary Stock Units
2012-03-31−1,706→ 3,410 totalExercise: $0.00→ Common Stock (1,706 underlying) - Tax Payment
Common Stock
2012-03-31$25.45/sh−1,002$25,501→ 24,725 total - Award
Salary Stock Units
2012-03-31+6,287→ 6,287 totalExercise: $0.00→ Common Stock (6,287 underlying)
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) awarded on March 31, 2011 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. The portion of this award currently payable was settled on March 31, 2011 in cash, less a portion withheld for taxes.
- [F2]Each SSU is the economic equivalent of one share of the Company's common stock. Grants of SSUs are fully vested when made and will be settled in three equal annual installments beginning one year after the date of the grant by the delivery of cash in an amount equal to the fair market value of the Company's common stock as of the applicable anniversary date of the SSU's grant. Under the GMSSP, the fair value of the Company's common stock is 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 it is listed, on the date of the transaction, which was $25.45.
- [F3]The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on March 31, 2010.
- [F4]On March 31, 2010, the employee received a grant of 2,385 SSUs, of which 795 SSUs were scheduled to be payable on March 31, 2012. 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. Pursuant to the terms of the GMSSP, each issued and outstanding SSU was automatically converted into three SSUs, so that the employee was credited with a total of 7,155 SSUs granted on March 31, 2010 of which 2,385 SSUs became payable on March 31, 2012.
- [F5]The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
- [F6]The SSUs reported in this item were granted on March 31, 2012.
Documents
Issuer
General Motors Co
CIK 0001467858
Entity typeother
Related Parties
1- filerCIK 0001538717
Filing Metadata
- Form type
- 4
- Filed
- Apr 2, 8:00 PM ET
- Accepted
- Apr 3, 1:14 PM ET
- Size
- 20.4 KB