FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
General Motors Co [ GM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/30/2013 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock(1) | 06/30/2013 | M | 11,044 | A | $0(2) | 112,847 | D | |||
Common Stock | 06/30/2013 | D | 6,165 | D | $33.26(2) | 106,682 | D | |||
Common Stock(3) | 06/30/2013 | M | 5,622 | A | $0(2) | 112,304 | D | |||
Common Stock | 06/30/2013 | D | 3,139 | D | $33.26(2) | 109,165 | D | |||
Common Stock(4) | 06/30/2013 | M | 11,115(5) | A | $0(2) | 120,280 | D | |||
Common Stock | 06/30/2013 | D | 4,892 | D | $33.26(2) | 115,388 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Salary Stock Units(1) | $0.0(2) | 06/30/2013 | M | 11,044 | (6) | (2)(6) | Common Stock | 11,044 | $0(2) | 22,086 | D | ||||
Salary Stock Units(3) | $0.0(2) | 06/30/2013 | M | 5,622 | (6) | (6) | Common Stock | 5,622 | $0(2) | 5,621 | D | ||||
Salary Stock Units(5) | $0.0(2) | 06/30/2013 | M | 11,115(5) | (6) | (6) | Common Stock | 11,115 | $0(2) | 0 | D | ||||
Salary Stock Units(7) | (2) | 06/30/2013 | A | 21,235 | (6) | (6) | Common Stock | 21,235 | $0(2) | 21,235 | D | ||||
Salary Stock Units(8) | $0.0(2) | 06/30/2013 | A | 1,691 | (6) | (6) | Common Stock | 1,691 | $0(2) | 1,691 | D |
Explanation of Responses: |
1. 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, 2012 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. |
2. Each SSU is the economic equivalent of one share of the Company's common stock (the "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 grant. As recently amended, 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 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 $33.26. The employee opted to have these settlements made by delivery of the stock. |
3. The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs awarded on June 30, 2011. |
4. 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. |
5. On June 30, 2010 the employee received a grant of 11,116 SSUs, of which 3,705 SSUs were scheduled to be payable on June 30, 2013. 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 33,348 SSUs granted on June 30, 2010 of which 11,115 SSUs became payable on June 30, 2013. |
6. The SSUs do not have an expiration or exercise date or carry a conversion or exercise price. |
7. The SSUs reported in this item were granted on June 30, 2012 and will be settled in three equal, annual installments beginning June 30, 2014. |
8. The SSUs reported in this item were granted on June 30, 2013 and will be treated as if they were granted on March 31, 2013 (i.e., granted nunc pro tunc), so that they will be settled in three equal, annual installments beginning March 31, 2014. |
Remarks: |
/s/ Anne T. Larin, attorney-in-fact for Mr. Amman | 07/02/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |