Statement of Changes in Beneficial Ownership (4)
September 04 2020 - 10:48AM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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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1. Name and Address of Reporting Person
*
Dybeck Happe Carolina |
2. Issuer Name and Ticker or Trading Symbol
GENERAL ELECTRIC CO
[
GE
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Senior Vice President |
(Last)
(First)
(Middle)
GENERAL ELECTRIC COMPANY, 5 NECCO STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/3/2020 |
(Street)
BOSTON, MA 02210
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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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)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 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 of Derivative Security: 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 Units (PSUs) | (1) | 9/3/2020 | | A | | 1093920 | | (2) | (2) | Common Stock | 1093920 | $0 | 1093920 | D | |
Explanation of Responses: |
(1) | 1 for 1 |
(2) | Subject to continued employment conditions and accelerated vesting in certain circumstances, the PSUs will vest, if at all, based upon the highest average closing price of the company's stock for any 30 consecutive trading days during the five-year performance period from September 3, 2020 to September 2, 2025: 50% of the PSUs will be eligible to vest upon achieving a stock price equal to 150% (the "threshold target") of the average of the closing prices of the company's stock over the period of 30 consecutive trading days up to and including August 18, 2020 (the "reference stock price"), 100% of the PSUs will be eligible to vest upon achieving a stock price equal to 200% of the reference stock price and 150% of the PSUs will be eligible to vest upon achieving a stock price equal to 250% (the "maximum target") of the reference stock price. No PSUs will be eligible to vest below the threshold target, and the amount of PSUs eligible to vest between the threshold target and maximum target will be determined by linear interpolation. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Dybeck Happe Carolina GENERAL ELECTRIC COMPANY 5 NECCO STREET BOSTON, MA 02210 |
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| Senior Vice President |
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Signatures
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Julia L. Chen on behalf of Carolina Dybeck Happe | | 9/4/2020 |
**Signature of Reporting Person | Date |
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