SEC Form 4
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*
COWGER GARY L

(Last) (First) (Middle)
300 RENAISSANCE CENTER
MC 482 C37 D81

(Street)
DETROIT MI 48265-3000

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GENERAL MOTORS CORP [ GM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Group Vice President
3. Date of Earliest Transaction (Month/Day/Year)
05/08/2009
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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
General Motors Common Stock, $1-2/3 Par Value 05/08/2009 S 35,008 D $1.6 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $75.5 01/10/2001(1) 01/11/2010 General Motors Common Stock, $1-2/3 Par Value 40,000 40,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $52.35 01/08/2002(1) 01/09/2011 General Motors Common Stock, $1-2/3 Par Value 45,000 45,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $50.46 01/07/2003(1) 01/08/2012 General Motors Common Stock, $1-2/3 Par Value 55,000 55,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $50.82 02/04/2003(1) 02/05/2012 General Motors Common Stock, $1-2/3 Par Value 35,000 35,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $40.05 01/21/2004(1) 01/22/2013 General Motors Common Stock, $1-2/3 Par Value 55,000 55,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $53.92 01/23/2005(1) 01/24/2014 General Motors Common Stock, $1-2/3 Par Value 50,000 50,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $36.37 01/24/2006(1) 01/25/2015 General Motors Common Stock, $1-2/3 Par Value 50,000 50,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $20.9 02/23/2007(1) 02/24/2016 General Motors Common Stock, $1-2/3 Par Value 50,000 50,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $29.11 03/20/2008(1) 03/21/2017 General Motors Common Stock, $1-2/3 Par Value 50,000 50,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(1) $23.13 03/05/2009(1) 03/06/2018 General Motors Common Stock, $1-2/3 Par Value 70,000 70,000 D
GM Stock $1-2/3 Par Value Restricted Stock Units(2) $0 03/20/2008(2) (2) General Motors Common Stock, $1-2/3 Par Value 30,000 30,000 D
GM Stock $1-2/3 Par Value Restricted Stock Units(2) $0 03/05/2009(2) (2) General Motors Common Stock, $1-2/3 Par Value 29,434 29,434 D
Explanation of Responses:
1. Employee stock option granted pursuant to Rule 16b-3 qualified General Motors Long-Term Incentive Plan. Stock options vest and become exercisable in three equal annual installments, commencing, respectively, one, two and three years from the date of initial grant. Date shown in Column 6 of Table II is the date the first installment becomes/became exercisable.
2. Restricted Stock Units ("RSU") granted pursuant to Rule 16b-3 qualified General Motors Cash Based Restricted Stock Unit Plan. Each Restricted Stock Unit is the economic equivalent of one share of General Motors common stock. If General Motors pays a dividend, dividend equivalents are earned on each undelivered Restricted Stock Unit. The RSUs are denominated in stock units but are paid in cash in three annual installments commencing, respectively, one, two and three years from the date of initial grant. Date shown in Column 6 of Table II is the date the first installment is/was payable. The price of zero in Table II is notional and only used for purposes of facilitating the electronic filing of this Form. Pursuant to the terms of the United States Treasury Loan Agreement with General Motors, RSU installments due to be delivered in 2009 were not made as originally scheduled pending review with the United States Treasury.
/s/ Martin I. Darvick, attorney-in-fact for Mr. Cowger 05/11/2009
** 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).
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