4th Jan 2019 07:00
SEC Form 4
FORM 4 | UNITED STATES SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIPFiled pursuant to Section 16(a) of the Securities Exchange Act of 1934or Section 30(h) of the Investment Company Act of 1940 |
| |||||||||||||||||||||||||||||||||||||||||||||||||||||
| 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*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol GENERAL ELECTRIC CO [ GE ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||
3. Date of Earliest Transaction (Month/Day/Year)12/31/2018 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 585,800 | I | By holding company | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Common Stock | 12,592 | I | By family trusts | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | ||||||||||||||||||||||||||||||||||||||||||||||||
Performance Stock Unit | (1) | 12/31/2018 | A | 5,000,000 | (2) | (2) | Common Stock | 5,000,000 | $0 | 5,000,000 | D | ||||||||||||||||||||||||||||||||||||||||||||
Explanation of Responses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
1. 1 for 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
2. Represents an inducement award of performance stock units ("PSUs"), granted outside the 2007 Long-Term Incentive Plan, to the reporting person in connection with his appointment as Chairman and CEO. Subject to continued employment conditions and accelerated vesting in certain circumstances, the PSUs will vest, if at all, based upon meeting the following stock performance conditions for 30 consecutive trading days during the four-year performance period from October 1, 2018 to September 30, 2022: half of the PSUs will be eligible to vest upon achieving a stock price of $18.60 (the "threshold target"), all of the PSUs will be eligible to vest upon achieving a stock price of $24.80, and an additional 2.5 million PSUs will be eligible to vest upon achieving a stock price of $31.00 (the "maximum target"). No PSUs will be granted below the threshold target, and the amount of PSUs granted between the threshold target and maximum target will be determined by linear interpolation. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Remarks: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Brian Sandstrom on behalf of H. Lawrence Culp, Jr. | 01/03/2019 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
** 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. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
Related Shares:
GEC.L