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Director/PDMR Shareholding

4 Jan 2019 07:00

RNS Number : 1760M
General Electric Company
03 January 2019
 

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

OMB APPROVAL

OMB Number:

3235-0287

Estimated average burden

hours per response:

0.5

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*

CULP H LAWRENCE JR

 

(Last)

(First)

(Middle)

GENERAL ELECTRIC COMPANY

41 FARNSWORTH STREET

 

(Street)

BOSTON

MA

02210

 

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol GENERAL ELECTRIC CO [ GE ]

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

X

Director

10% Owner

X

Officer (give title below)

Other (specify below)

Chairman and CEO

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)

X

Form filed by One Reporting Person

Form filed by More than One Reporting Person

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.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
DSHEAAFDELPNEAF
Date   Source Headline
1st Aug 20237:00 amRNSDirector/PDMR Shareholding
25th Jul 20232:08 pmRNSDoc re. GE Files 8-K
25th Jul 20232:05 pmRNSDoc re. GE Files 8-K
25th Jul 20232:01 pmRNSDoc re. GE Files 10-Q
6th Jul 20237:00 amRNSDirector/PDMR Shareholding
30th Jun 20235:04 pmRNSDividend Declaration
26th Jun 20237:00 amRNSDirector/PDMR Shareholding
15th Jun 20237:00 amRNSDirector/PDMR Shareholding
13th Jun 20237:00 amRNSDirector/PDMR Shareholding
1st Jun 20237:00 amRNSDoc re. GE files Form SD
26th May 20237:00 amRNSDoc re. GE Files Form S-8 Registration Statement
25th May 20237:00 amRNSDirector/PDMR Shareholding
18th May 20232:19 pmRNSDoc re. GE Files 8-K
18th May 20237:00 amRNSDoc re. GE Files 8-K
17th May 20237:00 amRNSDirector/PDMR Shareholding
12th May 20232:40 pmRNSDirector/PDMR Shareholding
10th May 20231:21 pmRNSDirector/PDMR Shareholding
9th May 20237:00 amRNSDoc re. GE Files 8-K
4th May 20237:00 amRNSDirector/PDMR Shareholding
25th Apr 20231:57 pmRNSDoc re. GE Files 8-K
25th Apr 20231:48 pmRNSDoc re. GE Files 8-K
25th Apr 20231:44 pmRNSDoc re. GE Files 10-Q
13th Apr 20237:00 amRNSDoc re. GE Files DEFA 14A
13th Apr 20237:00 amRNSDoc re. GE Files DEFA 14A
12th Apr 20237:00 amRNSDirector/PDMR Shareholding
5th Apr 20232:14 pmRNSDirector/PDMR Shareholding
17th Mar 20237:00 amRNSDoc re. GE Files ARS
17th Mar 20237:00 amRNSDoc re. GE files DEF 14A
14th Mar 202312:37 pmRNSDoc re. GE Files 8-K
14th Mar 20237:00 amRNSDoc re. GE files Schedule 13D/A
7th Mar 20237:00 amRNSDirector/PDMR Shareholding
3rd Mar 20237:00 amRNSDirector/PDMR Shareholding
28th Feb 20237:00 amRNSDoc re. GE files Form 8-K/A
15th Feb 20232:29 pmRNSDoc re. GE Files 8-K
13th Feb 20231:31 pmRNSDoc re. GE Files 8-K
10th Feb 20234:41 pmRNSDividend Declaration
10th Feb 20233:15 pmRNSDoc re: GE files Schedule 13G
10th Feb 20232:23 pmRNSDoc re. GE Files 10-K
24th Jan 20231:22 pmRNSDoc re. GE Files 8-K
10th Jan 20231:16 pmRNSDoc re. GE Files 8-K
10th Jan 20237:00 amRNSDoc re. GE Files 8-K/A
6th Jan 20233:05 pmRNSDirector/PDMR Shareholding
4th Jan 20231:29 pmRNSDoc re. GE Files 8-K
15th Dec 20227:00 amRNSDoc re. GE Files 8-K
1st Dec 20227:00 amRNSDoc re. GE Files 8-K
1st Dec 20227:00 amRNSTender Offer Results
30th Nov 20226:09 pmRNSDividend Declaration
24th Nov 20227:00 amRNSDoc re. GE Files 8-K
24th Nov 20227:00 amRNSGE Applicable Reference Yield - Debt Tender Offer
23rd Nov 20222:17 pmRNSGE Early Participation Results - Debt Tender Offer

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