0001127602-11-020586.txt : 20110705
0001127602-11-020586.hdr.sgml : 20110704
20110705161241
ACCESSION NUMBER: 0001127602-11-020586
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20110630
FILED AS OF DATE: 20110705
DATE AS OF CHANGE: 20110705
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Lee Timothy E
CENTRAL INDEX KEY: 0001492533
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34960
FILM NUMBER: 11949692
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
2011-06-30
0001467858
General Motors Co
GM
0001492533
Lee Timothy E
300 RENAISSANCE CENTER
M/C: 482-C25-A36
DETROIT
MI
48265-3000
1
Vice President
Common Stock
2011-06-30
4
M
0
2646
0
A
2646
D
Common Stock
2011-06-30
4
D
0
874
30.39
D
1772
D
Common Stock
2011-06-30
4
F
0
1772
30.39
D
0
D
Common Stock
2011-06-30
4
M
0
5616
0
A
5616
D
Common Stock
2011-06-30
4
D
0
1854
0
D
3762
D
Common Stock
2011-06-30
4
F
0
3762
30.39
D
0
D
Salary Stock Units
0
2011-06-30
4
M
0
2646
D
Common Stock
2646
2646
D
Salary Stock Units
0
2011-06-30
4
M
0
5616
D
Common Stock
5616
11229
D
Salary Stock Units
0
2011-06-30
4
A
0
13309
0
A
Common Stock
13309
13668
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 June 30, 2009 pursuant to the Company's Salary Stock Plan (the "GMSSP") and vested upon grant. The portion of this award currently payable was settled on June 30, 2011 in cash, less a portion withheld for taxes.
On June 30, 2009 the employee received a grant of 2,646 SSUs, of which 882 SSUs were scheduled to be payable on June 30, 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 (the "Stock Split"). Pursuant to the terms of the GMSSP, each issued and outstanding SSUs was automatically converted upon the effectiveness of the Stock Split into three SSUs, so that the employee was credited with a total of 7,938 SSUs granted on June 30, 2009, of which 2,646 SSUs became payable on June 30, 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 Common Stock. Under the GMSSP, the Fair Market 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 the Common Stock is listed, on the date of the transaction, which was $30.39.
The Common Stock reported in this item was issued upon the settlement of a portion of a grant of SSUs issued on June 30, 2010 pursuant to the GMSSP and vested upon grant. The portion of this award currently payable was settled on June 30, 2011 in cash, less a portion withheld for taxes.
On June 30, 2010 the employee received a grant of 5,616 SSUs, of which 1,872 SSUs were scheduled to be payable on June 30, 2011. Pursuant to the terms of the GMSSP, each issued and outstanding SSUs was automatically converted upon the effectiveness of the Stock Split into three SSUs, so that the employee was credited with a total of 16,848 SSUs granted on June 30, 2010, of which 5,616 SSUs became payable on June 30, 2011.
The SSUs reported in this item were awarded on June 30, 2011 pursuant to the GMSSP, and will be settled in three equal, annual installments beginning on June 30, 2012 by the delivery of cash in an amount equal to the Fair Market Value (as defined in the GMSSP) of the Company's common stock as of the date of delivery.
/s/ Anne T. Larin, attorney-in-fact for Mr. Lee
2011-07-05