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Director/PDMR Shareholding

14th Sep 2016 07:00

RNS Number : 7606J
General Electric Company
13 September 2016
 

 

SEC Form 4

FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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

 

             

1. Name and Address of Reporting  Person*

Comstock Elizabeth J

2. Issuer Name and Ticker or Trading  Symbol

GENERAL ELECTRIC CO [ GE ]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

Director 10% Owner

X Officer (give title Other (specify below) below)

Vice Chairman

3. Date of Earliest Transaction  (Month/Day/Year)

09/09/2016

 

(Last) (First)

 

(Middle)

GENERAL ELECTRIC COMPANY

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

41 FARNSWORTH STREET

 

(Street)

BOSTON MA

02210

 

(City) (State)

 

(Zip)

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

Common Stock

09/11/2016

M

5,400

A

$0

178,675

D

Common Stock

09/11/2016

F

2,958

D

$30.46

175,717

D

 

Commn Stock

 

26,534

 

I

401(k)

plan

Common Stock

1,267

I

by family

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible  securities)

1. Title of

2.

3. Transaction

3A. Deemed

4.

5. Number of

6. Date Exercisable and

7. Title and Amount

8. Price of

9. Number of

10.

11. Nature

Derivative

Conversion

Date

Execution Date,

Transaction

Derivative

Expiration Date

of Securities

Derivative

derivative

Ownership

of Indirect

Security

or Exercise

(Month/Day/Year)

if any

Code (Instr.

Securities

(Month/Day/Year)

Underlying

Security

Securities

Form:

Beneficial

(Instr. 3)

Price of

(Month/Day/Year)

8)

Acquired (A) or

Derivative Security

(Instr. 5)

Beneficially

Direct (D)

Ownership

Derivative

Disposed of

(Instr. 3 and 4)

Owned

or Indirect

(Instr. 4)

Security

(D) (Instr. 3, 4

Following

(I) (Instr. 4)

and 5)

Reported

Transaction(s)

 

 

 

Code

 

 

 

V

 

 

 

(A)

 

 

 

(D)

 

 

Date Exercisable

 

 

Expiration Date

 

 

 

Title

Amount or Number of Shares

(Instr. 4)

Employee Stock Option (right to buy)

 

$30.11(4)

 

 

09/09/2016

 

 

A

 

 

200,000

 

 

(1)

 

 

09/09/2026

 

 

Common Stock

 

200,000

 

 

$0

 

 

200,000

 

 

D

Restricted Stock Units

 

(2)(4)

 

09/09/2016

 

A

 

27,000

 

(3)

 

(3)

 

Common Stock

 

27,000

 

$0

 

27,000

 

D

Restricted Stock Units

 

(2)(4)

 

09/11/2016

 

M

 

5,400

 

09/11/2016

 

09/11/2016

 

Common Stock

 

5,400

 

$0

 

21,600

 

D

 

Explanation of Responses:

1. The Stock Options become exercisable in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

2. 1 for 1

3. The Restricted Stock Units vest in five equal annual installments of 20% each, beginning on the first anniversary of the grant date.

4. All transactions reported on this Form 4 were conducted outside a trading venue.

Remarks:

 

 

 

 

 

 

Reminder: Report on a separate line for each class of securities beneficially owned directly or  indirectly.

 

Brian Sandstrom on behalf of

Elizabeth Comstock 09/13/2016

** 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). 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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DSHEAANDFSFKEAF

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