4//SEC Filing
Bingol Selim 4
Accession 0001467858-13-000060
CIK 0001467858other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 3:27 PM ET
Size
26.5 KB
Accession
0001467858-13-000060
Insider Transaction Report
Form 4
Bingol Selim
Vice President
Transactions
- Disposition to Issuer
Common Stock
2013-03-31$27.87/sh−412$11,482→ 12,462 total - Exercise/Conversion
Salary Stock Units
2013-03-31−733→ 732 total→ Common Stock (733 underlying) - Award
Common Stock
2013-03-31$27.87/sh−207$5,769→ 11,611 total - Exercise/Conversion
Salary Stock Units
2013-03-31−1,263→ 2,523 totalExercise: $0.00→ Common Stock (1,263 underlying) - Tax Payment
Common Stock
2013-03-31$27.87/sh−851$23,717→ 11,611 total - Award
Common Stock
2013-03-31+309→ 11,920 total - Award
Salary Stock Units
2013-03-31+3,230→ 3,230 totalExercise: $0.00→ Common Stock (3,230 underlying) - Disposition to Issuer
Common Stock
2013-03-31$27.87/sh−241$6,717→ 12,103 total - Exercise/Conversion
Common Stock
2013-03-31+1,263→ 12,874 total - Tax Payment
Common Stock
2013-03-31$27.87/sh−492$13,712→ 11,611 total - Award
Common Stock
2013-03-31$27.87/sh−102$2,843→ 11,818 total - Exercise/Conversion
Common Stock
2013-03-31+733→ 12,344 total - Exercise/Conversion
Salary Stock Units
2013-03-31−309→ 0 totalExercise: $0.00→ Common Stock (309 underlying)
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 March 31, 2012 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, 2013 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 $27.87.
- [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, 2011.
- [F4]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.
- [F5]The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
- [F6]On March 31, 2010 the employee received a grant of 309 SSUs, of which 103 SSUs were scheduled to be payable on December 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 SSUs was automatically converted into three SSUs, so that the employee was credited with a total of 927 SSUs granted on March 31, 2010 of which 309 SSUs became payable on December 31, 2012.
- [F7]The SSUs reported in this item were granted on March 31, 2013 and will be settled in three equal, annual installments beginning March 31, 2014.
Documents
Issuer
General Motors Co
CIK 0001467858
Entity typeother
Related Parties
1- filerCIK 0001492155
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 3:27 PM ET
- Size
- 26.5 KB