General Motors Co 4
4 · General Motors Co · Filed Jan 3, 2014
Insider Transaction Report
Form 4
Lee Timothy E
Vice President
Transactions
- Award
Salary Stock Units
2013-12-31+24,259→ 24,259 totalExercise: $0.00→ Common Stock (24,259 underlying) - Exercise/Conversion
Salary Stock Units
2013-12-31−6,536→ 6,535 totalExercise: $0.00→ Common Stock (6,536 underlying) - Exercise/Conversion
Common Stock
2013-12-31+10,321→ 11,321 total - Disposition to Issuer
Common Stock
2013-12-31$40.81/sh−7,008$285,996→ 4,313 total - Tax Payment
Common Stock
2013-12-31$40.81/sh−3,313$135,204→ 1,000 total - Disposition to Issuer
Common Stock
2013-12-31$40.81/sh−4,471$182,462→ 3,065 total - Exercise/Conversion
Common Stock
2013-12-31+6,536→ 7,536 total - Tax Payment
Common Stock
2013-12-31$40.81/sh−2,065$84,273→ 1,000 total - Disposition to Issuer
Common Stock
2013-12-31$40.81/sh−1,879$76,682→ 1,868 total - Exercise/Conversion
Common Stock
2013-12-31+2,747→ 3,747 total - Tax Payment
Common Stock
2013-12-31$40.81/sh−868$35,423→ 1,000 total - Exercise/Conversion
Salary Stock Units
2013-12-31−10,321→ 20,642 totalExercise: $0.00→ Common Stock (10,321 underlying) - Exercise/Conversion
Salary Stock Units
2013-12-31−2,747→ 0 totalExercise: $0.00→ Common Stock (2,747 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 ("SSU") awarded on December 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 December 31, 2013.
- [F2]Each SSU is the economic equivalent of one share of the Company's common stock (the "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. The GMSSP gives the employee the option of having a settlement made by delivery of the Stock or of cash in an amount equal to the fair market value of the Stock as of the applicable anniversary date of the SSUs' grant. Under the GMSSP, the fair value of the Stock is the average of the high and low trading prices for the Stock as reported on the New York Stock Exchange, on which it is listed, on the date of the transaction, which was $40.81. The employee opted to have these settlements made by delivery of cash, less a portion withheld for taxes.
- [F3]The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on December 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 December 31, 2010.
- [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 December 31, 2013 and will be settled in three equal, annual installments beginning December 31, 2014.