0001127602-11-011957.txt : 20110404
0001127602-11-011957.hdr.sgml : 20110404
20110404150441
ACCESSION NUMBER: 0001127602-11-011957
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110331
FILED AS OF DATE: 20110404
DATE AS OF CHANGE: 20110404
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Girsky Stephen J
CENTRAL INDEX KEY: 0001426207
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34960
FILM NUMBER: 11735359
MAIL ADDRESS:
STREET 1: 300 RENAISSANCE CENTER
STREET 2: M/C: 482-C25-A36
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: General Motors Co
CENTRAL INDEX KEY: 0001467858
STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
IRS NUMBER: 270756180
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 300 RENAISSANCE CENTER
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
BUSINESS PHONE: 313.556.5000
MAIL ADDRESS:
STREET 1: 300 RENAISSANCE CENTER
CITY: DETROIT
STATE: MI
ZIP: 48265-3000
4
1
form4.xml
PRIMARY DOCUMENT
X0303
4
2011-03-31
0001467858
General Motors Co
GM
0001426207
Girsky Stephen J
300 RENAISSANCE CENTER
M/C: 482-C25-A36
DETROIT
MI
48265-3000
1
1
Vice Chairman
Common Stock
2011-03-31
4
M
0
18063
0
A
24563
D
Common Stock
2011-03-31
4
D
0
10946
31.28
D
13617
D
Common Stock
2011-03-31
4
F
0
7117
31.28
D
6500
D
Salary Stock Units
0
2011-03-31
4
M
0
18063
D
Common Stock
18063
36126
D
Salary Stock Units
0
2011-03-31
4
A
0
25576
0
A
Common Stock
25576
25576
D
The Common Stock reported in this item was issued upon the settlement of a portion of a grant of Salary Stock Units ("SSUs) deemed to have been issued, nunc pro tunc, on March 31, 2010 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, 2011 in cash, less a portion withheld for taxes.
On March 31, 2010 the employee received a grant of 18,063 SSUs, of which 6,021 SSUs were scheduled to be payable on March 31, 2011. 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 54,189 SSUs granted on March 31, 2010, of which 18,063 SSUs became payable on March 31, 2011.
The SSUs do not have an expiration or exercise date or carry a conversion or exercise price. Each SSU is the economic equivalent of one share of the Company's common stock. 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 the Company's common stock is listed, on the date of the transaction, which was $31.28.
The SSUs reported in this item were awarded on March 31, 2011 pursuant to the Company's Salary Stock Plan (the "GMSSP"), and will be settled in three equal, annual installments beginning on March 31, 2012. Each SSU is fully vested and represents a right to receive one share of the Company's common stock on the applicable settlement date; provided, however, that if a settlement date occurs prior to the date that is six months following a consummation of an initial public offering of the Company's common stock, which occurred on November 17, 2010, the SSU will be settled by the delivery of cash (with certain exceptions) in an amount equal to the Fair Market Value (as defined in the GMSSP) of the Company's common stock as of the applicable anniversary date of the SSU's grant. The SSUs do not have an expiration or exercise date.
/s/ Anne T. Larin, attorney-in-fact for Mr. Girsky
2011-04-04