General Electric Company Director/PDMR Shareholding (7643W)
August 21 2020 - 2:00AM
UK Regulatory
TIDMGEC
RNS Number : 7643W
General Electric Company
20 August 2020
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
OMB APPROVAL
OMB Number: 3235-0287 Estimated average burden hours per
response.................0.5
o 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 2. Issuer Name and Ticker or Trading 5. Relationship of Reporting Person(s)
Address of JR Symbol to Issuer
Reporting GENERAL ELECTRIC [GE] (Check all applicable)
Person*
X Director 10% Owner
CULP H
LAWRENCE
(Last) (First) (Middle) 3. Date of Earliest Transaction (Month/Day/Year) X Officer (give Other (specify
08/18/2020 title below) below)
GENERAL ELECTRIC Chairman and CEO
COMPANY
5 NECCO STREET
----------------- ------------- -------------------------------------------------------------------- ---------- -----------------------------------------------------
(Street) 02210 4. If Amendment, Date of Original 6. Individual or Joint/Group Filing
BOSTON MA Filed (Month/Day/Year) (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting
Person
----------------- ------------- -------------------------------------------------------------------- -----------------------------------------------------------------
(City) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially
(State) Owned
----------------- ------------- ---------------------------------------------------------------------------------------------------------------------------------------
1. Title of Security (Instr. 3) 2. Transaction 2A. 3. Transaction 4. Securities Acquired 5. Amount 6. 7. Nature
Date Deemed Code (Instr. (A) or Disposed of Securities Ownership of Indirect
(Month/Day/ Execution 8) of (D) (Instr. 3, Beneficially Form: Beneficial
Year) Date, 4 and 5) Owned Direct Ownership
if any Following (D) or (Instr.
(Month/ Reported Indirect 4)
Day/ Year) Transaction(s) (I)
(Instr. 3 (Instr.
and 4) 4)
--------------- ----------- ---------------- -------------------------------- -------------------- --------------- --------------
(A)
Code V Amount or Price
(D)
--------------- ----------- --------- ----- ----------- ------- ---------- -------------------- --------------- --------------
Common Stock 08/18/2020 A 13,943,028 A $0.00 13,943,028 D
(1)(2)
------------------------------------------- ----------- ------- ---------- -------------------- --------------- --------------
Common Stock 1,169,684 I By holding
company
------------------------------------------- ----------- ------- ---------- -------------------- --------------- --------------
Common Stock 12,592 I By family
trusts
------------------------------------------- ----------- ------- ---------- -------------------- --------------- --------------
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).
Page 1 of 2
Table II - Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options,
convertible securities)
1. Title 2 3. 3A. 4. 5. Number 6. Date Exercisable 7. Title and 8. Price 9. Number 10. 11. Nature
of .Conversion Transaction Deemed Transaction of Derivative and Expiration Amount of Securities of of Derivative Ownership of
Derivative or Exercise Date Execution Code (Instr. Securities Date Underlying Derivative Derivative Securities Form: Indirect
Security Price of (Month/Day/ Date, 8) Acquired (A) (Month/Day/Year) Security (Instr. Security Beneficially Direct Beneficial
(Instr. Derivative Year) if any or Disposed 3 and 4) (Instr. Owned (D) or Ownership
3) Security (Month/ of (D) (Instr. 5) Following Indirect (Instr.
Day/ 3, 4 and 5) Reported (I) 4)
Year) Transaction(s) (Instr.
(Instr. 4)
4)
Amount
Date Expira- or Number
Code V (A) (D) Exer- tion of
cisable Date Title Shares
-------- ---- ---------- ----------- --------- ---------- --------- -----------
Explanation of Responses:
1. Represents performance shares that will vest, subject to
continued employment conditions and accelerated vesting in certain
circumstances, 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 August 18, 2020 to August 17,
2025: one-third of the performance shares 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 the
grant date (the "30-day average price"), two-thirds of the
performance shares will be eligible to vest upon achieving a stock
price equal to 200% of the 30-day average price and all of the
performance shares will be eligible to vest upon achieving a stock
price equal to 250% (the "maximum target") of the 30-day average
price.
2. No performance shares will vest below the threshold target,
and the amount of performance shares that vest between the
threshold target and maximum target will be determined by linear
interpolation.
Remarks:
Reminder: Report on a separate line for each class
of securities beneficially owned directly or
indirectly.
** Intentional misstatements or omissions of /s/ Brandon Smith on behalf of
facts H. Lawrence
constitute Federal Criminal Violations. Culp, Jr. 8/20/2020
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date
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.
Page 2 of 2
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END
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