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*
LUTZ ROBERT A

(Last) (First) (Middle)
300 RENAISSANCE CENTER
MC 482 C39 B40

(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)
Vice Chairman
3. Date of Earliest Transaction (Month/Day/Year)
05/19/2009
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 05/19/2009 M 133,859 A (1) 133,859 D
General Motors Common Stock, $1-2/3 Par Value 05/19/2009 S 11,889 D $1.09 121,970 D
General Motors Common Stock, $1-2/3 Par Value 05/19/2009 F 13,383 D (1) 108,587 D
General Motors Common Stock, $1-2/3 Par Value 05/19/2009 F 41,915 D $1.09 66,672 D
General Motors Common Stock, $1-2/3 Par Value 05/19/2009 S 66,672 D $1.25 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 Deferred Stock Units(2) $0 05/19/2009 M 133,859 (2) (2) General Motors Common Stock, $1-2/3 Par Value 133,859 $0 0 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $54.91 09/04/2002(3) 09/05/2011 General Motors Common Stock, $1-2/3 Par Value 200,000 200,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $50.46 01/07/2003(3) 01/08/2012 General Motors Common Stock, $1-2/3 Par Value 100,000 100,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $50.82 02/04/2003(3) 02/05/2012 General Motors Common Stock, $1-2/3 Par Value 100,000 100,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $40.05 01/21/2004(3) 01/22/2013 General Motors Common Stock, $1-2/3 Par Value 200,000 200,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $53.92 01/23/2005(3) 01/24/2014 General Motors Common Stock, $1-2/3 Par Value 160,000 160,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $36.37 01/24/2006(3) 01/25/2015 General Motors Common Stock, $1-2/3 Par Value 160,000 160,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $20.9 02/23/2007(3) 02/24/2016 General Motors Common Stock, $1-2/3 Par Value 106,664 106,664 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $29.11 03/20/2008(3) 03/21/2017 General Motors Common Stock, $1-2/3 Par Value 250,000 250,000 D
GM Stock $1-2/3 Par Value Option (Right to Buy)(3) $23.13 03/05/2009(3) 03/06/2018 General Motors Common Stock, $1-2/3 Par Value 250,000 250,000 D
GM Stock $1-2/3 Par Value Restricted Stock Units(4) $0 03/20/2008(4) (4) General Motors Common Stock, $1-2/3 Par Value 48,000 48,000 D
GM Stock $1-2/3 Par Value Restricted Stock Units(5) $0 03/05/2011(5) (5) General Motors Common Stock, $1-2/3 Par Value 60,000 60,000 D
GM Stock $1-2/3 Par Value Restricted Stock Units(6) $0 (6) (6) General Motors Common Stock, $1-2/3 Par Value 75,000 75,000 D
Explanation of Responses:
1. The Deferred Stock Units were accrued under the Rule 16b-3 qualified General Motors Deferred Compensation Plan. Each Deferred 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 Deferred Stock Unit. Units held as of 12/31/08. The Deferred Stock Units convert on a "1 for 1" basis. The price of zero is notional and only used for purposes of facilitating the electronic filing of this Form. I withdrew and sold all of my shares of General Motors common stock held in the Plan; in so doing, I also had shares withheld to pay a 10% penalty for early withdrawal and to pay income taxes owed for such sale.
2. The Deferred Stock Units were accrued under the Rule 16b-3 qualified General Motors Deferred Compensation Plan. Each Deferred 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 Deferred Stock Unit. Units held as of 12/31/08. The Deferred Stock Units convert on a "1 for 1" basis. The price of zero is notional and only used for purposes of facilitating the electronic filing of this Form.
3. 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.
4. Restricted Stock Units are granted under the Rule 16b-3 qualified General Motors Stock Incentive Plan. The RSUs are denominated in stock and are to be delivered in stock in five annual installments commencing, respectively, one, two, three, four and five years from the date of the initial grant. 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. Date shown in column 6 is the date the first installment is payable. The price of zero 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, which has now occurred. Prices shown are the prices for General Motors Common Stock on the original installment payment dates.
5. Restricted Stock Units are granted under the Rule 16b-3 qualified General Motors Long-Term Incentive Plan. The RSUs are denominated in stock and are to be delivered in stock in three annual installments commencing, respectively, three, four and five years from the date of the initial grant. 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. Date shown in column 6 is the date the first installment is payable. The price of zero is notional and only used for purposes of facilitating the electronic filing of this Form.
6. The Restricted Stock Units were accrued under the Rule 16b-3 qualified General Motors Stock Incentive 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 Restricted Stock Unit. Units held as of 12/31/08. The Restricted Stock Units convert on a "1 for 1" basis. The price of zero is notional and only used for purpose of facilitating the electronic filing of this Form. The Restricted Stock Units will be paid in stock at retirement.
/s/ Martin I. Darvick, Attorney-in-Fact for Mr. Lutz 05/20/2009
** Signature of Reporting Person Date
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