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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units (6) | $ 0 | 02/10/2018 | M | 10,375 | (7) | (7) | Common Stock | 10,375 | $ 0 | 10,375 | D | ||||
Restricted Stock Units (8) | $ 0 | 02/11/2018 | M | 6,360 | (7) | (7) | Common Stock | 6,360 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Stevens Charles K. III 300 RENAISSANCE CENTER M/C: 482-C23-D24 DETROIT, MI 48265-3000 |
Executive Vice President & CFO |
/s/ Tia Y. Turk, Attorney-In-Fact for Mr. Stevens | 02/13/2018 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | The sales reported in this line were effected pursuant to a Rule 10b5-1 trading plan. |
(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 $40.68 to $41.03, 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 Common Stock reported in this item was issued and delivered upon the vesting of a grant of Restricted Stock Units ("RSUs") awarded on February 10, 2016. |
(4) | The Common Stock reported in this item was issued and delivered upon the vesting of a grant of RSUs awarded on February 11, 2015. |
(5) | On February 11, 2015, the Reporting Person received a grant of Performance Stock Units ("PSUs"). Under the grant, PSUs could be earned based on the achievement of certain financial targets. PSUs vested and settled in shares of common stock on February 11, 2018. |
(6) | The RSUs were awarded on February 10, 2016. One-third of the RSUs vested on February 10, 2018, and the remaining one-third will vest on February 10, 2019. Each RSU represents a right to receive one share of the Company's Common Stock upon settlement. |
(7) | The RSUs do not have a conversion or exercise price, or a date on which they are exercisable or expire. |
(8) | The RSUs in this item were granted on February 11, 2015 and were settled on February 11, 2018. |