21 Aug 2020 07:00
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 longersubject to Section 16. Form 4or 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 1934or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person*
CULP H LAWRENCE |
JR | 2. Issuer Name and Ticker or Trading Symbol GENERAL ELECTRIC [GE] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
X Director 10% Owner | ||||||||
(Last) (First)
GENERAL ELECTRIC COMPANY 5 NECCO STREET | (Middle) | 3. Date of Earliest Transaction (Month/Day/Year) 08/18/2020 | X | Officer (give Other (specify title below) below) Chairman and CEO | |||||||
(Street) BOSTON MA | 02210 | 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 | ||||||||
(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 | 08/18/2020 |
| A |
| 13,943,028 (1)(2) | A | $0.00 | 13,943,028 | D |
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Common Stock |
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| 1,169,684 | I | By holding company | |
Common Stock |
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| 12,592 | I | By family trusts | |
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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 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) | |||||
Date Exer- cisable |
Expira- tion Date |
Title |
Amount or Number of Shares | |||||||||||||
Code |
V |
(A) |
(D) | |||||||||||||
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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 facts constitute Federal Criminal Violations. |
/s/ Brandon Smith on behalf of H. Lawrence 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.
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Gen.electric (GEC)