4//SEC Filing
General Motors Co 4
Accession 0001467858-16-000346
$GMCIK 0001467858operating
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 6:20 PM ET
Size
10.5 KB
Accession
0001467858-16-000346
Insider Transaction Report
Form 4
Quattrone John J
Senior Vice President
Transactions
- Tax Payment
Common Stock
2016-09-30$31.77/sh−67$2,129→ 30,754 total - Exercise/Conversion
Salary Stock Units
2016-09-30−141→ 0 totalExercise: $0.00→ Common Stock (141 underlying) - Exercise/Conversion
Common Stock
2016-09-30+141→ 30,895 total - Disposition to Issuer
Common Stock
2016-09-30$31.77/sh−74$2,351→ 30,821 total
Footnotes (3)
- [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 September 30, 2013 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. The portion of this award currently payable was settled on September 30,2016 in cash, less a portion withheld for taxes.
- [F2]Each SSU is the economic equivalent of one share of the Common Stock. Grants of SSUs are fully vested when made and settled in three equal, annual installments beginning one year after the date of grant. The GMSSP gives the Reporting Person the option of having a settlement made by delivery of shares of the Common Stock or by the delivery of cash in an amount equal to the fair market value of the Common Stock as of the applicable anniversary date of the SSU's grant. Under the GMSSP, the fair value of the Common Stock is the average of the high and low trading prices for the Common Stock as reported on the New York Stock Exchange, on which it is listed, on the date of the transaction, which was $31.77.
- [F3]The SSUs do not have an expiration or exercise date or carry a conversion or exercise price.
Documents
Issuer
General Motors Co
CIK 0001467858
Entity typeoperating
Related Parties
1- filerCIK 0001467858
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 6:20 PM ET
- Size
- 10.5 KB