Stracke Karl-Friedrich 4

Accession 0001127602-12-021416

CIK 0001467858other

View on SEC.gov Company Profile

Filed

Jul 2, 8:00 PM ET

Accepted

Jul 3, 1:55 PM ET

Size

22.7 KB

Accession

0001127602-12-021416

Insider Transaction Report

Form 4

Period: 2012-06-30

General Motors CoGM

Stracke Karl-Friedrich

Vice President

Transactions

Exercise/Conversion
Salary Stock Units
2012-06-30−1,755→ 3,510 total
Exercise: $0.00→ Common Stock (1,755 underlying)
Award
Salary Stock Units
2012-06-30+10,258→ 10,258 total
Exercise: $0.00→ Common Stock (10,258 underlying)
Exercise/Conversion
Common Stock
2012-06-30+1,755→ 26,480 total
Tax Payment
Common Stock
2012-06-30$19.62/sh−738$14,480→ 24,725 total
Tax Payment
Common Stock
2012-06-30$19.62/sh−1,002$19,659→ 24,725 total
Disposition to Issuer
Common Stock
2012-06-30$19.62/sh−1,017$19,954→ 25,463 total
Exercise/Conversion
Salary Stock Units
2012-06-30−2,385→ 2,385 total
Exercise: $0.00→ Common Stock (2,385 underlying)
Award
Salary Stock Units
2012-06-30+2,103→ 2,103 total
Exercise: $0.00→ Common Stock (2,103 underlying)
Exercise/Conversion
Common Stock
2012-06-30+2,385→ 27,110 total
Disposition to Issuer
Common Stock
2012-06-30$19.62/sh−1,383$27,134→ 25,727 total

Footnotes (7)

[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 June 30, 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 June 30, 2012 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 SSU are fully vested when made and will be settled in three equal, annual installments beginning one year after the date of 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 $19.62.
[F3]The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on June 30, 2010.
[F4]On June 30, 2010 the employee received a grant of 2,386 SSUs, of which 795 SSUs were scheduled to be payable on June 30, 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 SSUs was automatically converted into three SSUs, so that the employee was credited with a total of 7,158 SSUs granted on June 30, 2010 of which 2,385 SSUs became payable on June 30, 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 June 30, 2012.
[F7]The SSUs reported in this item are attributable nunc pro tunc to the first quarter 2012 and were granted on June 30, 2012. They will be settled in three equal, annual installments beginning March 31, 2013.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

General Motors Co

CIK 0001467858

→

Entity typeother

Related Parties

filerCIK 0001538717

Filing Metadata

Form type: 4
Filed: Jul 2, 8:00 PM ET
Accepted: Jul 3, 1:55 PM ET
Size: 22.7 KB

View on SEC.gov