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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| General Electric Company | LSE:GEC | London | Ordinary Share | COM STK USD0.01 (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 105.00 | 50 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Electrical Machy, Equip, Nec | 69.54B | 9.19B | 8.4404 | 19.11 | 175.5B |
TIDMGEC
RNS Number : 1760M
General Electric Company
03 January 2019
SEC Form 4
Hot Features
Premium
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
Washington, D.C. 20549 OMB Number: 3235-0287
Estimated average burden
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP hours per response: 0.5
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or 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(*) CULP H LAWRENCE JR 2. Issuer Name and Ticker or Trading Symbol 5. Relationship of Reporting Person(s)
GENERAL ELECTRIC CO [ GE ] to Issuer
(Last) (First) (Middle) (Check all applicable) X Director 10% Owner
GENERAL ELECTRIC COMPANY X Officer (give Other (specify
41 FARNSWORTH STREET title below) below)
Chairman and CEO
(Street) BOSTON MA 02210
(City) (State) (Zip)
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 2A. Deemed 3. Transaction 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature
Date Execution Code (Instr. (A) or Disposed Of (D) Securities Form: Direct of Indirect
(Month/Day/Year) Date, 8) (Instr. 3, 4 and 5) Beneficially (D) or Indirect Beneficial
if any Owned Following (I) (Instr. Ownership
(Month/Day/Year) Reported 4) (Instr.
Transaction(s) 4)
(Instr. 3 and
4)
----------------- ----------------- ---------------------- ------------------------- ------------------- ------------------------ ----------------------------------------
Code V Amount (A) Price
or
(D)
----------------- ----------------- -------- ------------ ----------- ---- ------ ------ ----------- --------------- ------- ----- ---------------------------------
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 2. 3. Transaction 3A. Deemed 4. 5. Number of 6. Date Exercisable 7. Title and Amount 8. Price 9. Number 10. Ownership 11. Nature
Derivative Conversion Date Execution Transaction Derivative and Expiration of Securities Underlying of of derivative Form: of Indirect
Security or (Month/Day/Year) Date, Code (Instr. Securities Date (Month/Day/Year) Derivative Security Derivative Securities Direct Beneficial
(Instr. Exercise if any 8) Acquired (A) (Instr. 3 and 4) Security Beneficially (D) or Ownership
3) Price (Month/Day/Year) or Disposed (Instr. Owned Indirect (Instr.
of of (D) (Instr. 5) Following (I) (Instr. 4)
Derivative 3, 4 and 5) Reported 4)
Security Transaction(s)
(Instr.
4)
----------- ------------------- ----------------- -------------- ------------------------------------ ----------------------------- -------------------------- ----------- --------------- -------------- ---------------------------------
Amount
Date Expiration or Number
Code V (A) (D) Exercisable Date Title of Shares
----------- ----------- ------ ----------------- -------- ---- ----------------- ----------------- -------------- ------------- ---------- -------------- ----------- --------------- ------- ----- ---------------------------------
Performance
Stock Common
Unit (1) 12/31/2018 A 5,000,000 (2) (2) 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 01/03/2019
of H. Lawrence Culp, Jr.
** Signature of Reporting Date
Person
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
(END) Dow Jones Newswires
January 04, 2019 02:00 ET (07:00 GMT)
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