Barra Mary T sold $27,219,908 worth of shares (626,316 units at $43.46) and exercised 326,316 shares at a strike of $34.34, decreasing direct ownership by 20% to 1,198,648 units (SEC Form 4)
$GM
Auto Manufacturing
Consumer Discretionary
| 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). | |||||||||||||||||
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Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | ||||||||||||||||
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) 05/28/2024 | ||||||||||||||||||||||||||
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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 | 05/28/2024 | M | 326,306 | A | $34.34 | 1,824,954(1) | D | |||
| Common Stock | 05/28/2024 | S | 326,306 | D | $43.24(2) | 1,498,648 | D | |||
| Common Stock | 05/28/2024 | M | 10 | A | $31.32 | 1,498,658 | D | |||
| Common Stock | 05/28/2024 | S | 10 | D | $43.7 | 1,498,648 | D | |||
| Common Stock | 05/28/2024 | S | 300,000 | D | $43.7 | 1,198,648 | D | |||
| Common Stock | 265,028 | I | By GRAT | |||||||
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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 | ||||||||
| Employee Stock Option (Right to Buy) | $34.34 | 05/28/2024 | M | 326,306 | (3) | 06/07/2027 | Common Stock | 326,306 | $0 | 326,305 | D | ||||
| Employee Stock Option (Right to Buy) | $31.32 | 05/28/2024 | M | 10 | (4) | 07/28/2025 | Common Stock | 10 | $0 | 0 | D | ||||
| Explanation of Responses: |
| 1. Includes 119,972 shares that were previously reported as indirectly beneficially owned by a GRAT, which were distributed and became directly owned by the reporting person on May 27, 2024, after which the GRAT terminated. |
| 2. The price in Column 4 is the weighted average selling price of the shares. The shares were sold in multiple transactions at prices from $42.85 to $43.73, inclusive. The Reporting Person undertakes to provide to the SEC, GM and any security holder, upon request, full information regarding the number of shares sold at each price point within the ranges set forth in this footnote. |
| 3. The stock options were granted on June 7, 2017, and vested in three equal installments on February 14, 2018, February 14, 2019, and February 14, 2020. |
| 4. These stock options were granted on July 28, 2015. Forty percent of the options became exercisable on February 15, 2017; the remaining 60% became exercisable in three equal installments on February 15, 2018, February 15, 2019, and February 15, 2020. |
| Remarks: |
| /s/ Tia Y. Turk, Attorney-In-Fact for Ms. Barra | 05/30/2024 | |
| ** 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. | ||