General Electric Company Director/PDMR Shareholding (9874J)
03 May 2022 - 4:00PM
UK Regulatory
TIDMGEC
RNS Number : 9874J
General Electric Company
03 May 2022
4
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE OMB APPROVAL
COMMISSION OMB Number: 3235-0287
Washington, D.C. 20549 Estimated average burden
hours per response: 0.5
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
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 2. Issuer Name 5. Relationship of Reporting Person(s) to Issuer
Reporting Person and Ticker or (Check all applicable)X Director 10% Owner
(*)CULP H LAWRENCE JR Trading Symbol X Officer (give title below) Other (specify below)
GENERAL ELECTRIC Chairman and CEO
(Last) (First) (Middle) CO [ GE ]
GENERAL ELECTRIC COMPANY
5 NECCO STREET
(Street)BOSTON MA 02210
(City) (State) (Zip)
3. Date of
Earliest
Transaction
(Month/Day/Year)
05/02/2022
4. If Amendment, 6. Individual or Joint/Group Filing (Check Applicable Line)X Form filed by One Reporting Person
Date of Original Form filed by More than One Reporting Person
Filed
(Month/Day/Year)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title 2. Transaction 2A. Deemed 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. 7. Nature of
of Date Execution Date, Code (Instr. 8) or Disposed Of (D) (Instr. Securities Ownership Indirect
Security (Month/Day/Year) if any 3, 4 and 5) Beneficially Form: Beneficial
(Instr. (Month/Day/Year) Owned Following Direct Ownership
3) Reported (D) or (Instr. 4)
Transaction(s) Indirect
(Instr. 3 and (I)
4) (Instr.
4)
Code V Amount (A) Price
or
(D)
Common By holding
Stock 05/02/2022 P 1,938 A $ 72.8 (1) 148,148 I company
Common By holding
Stock 05/02/2022 P 16,455 A $ 73.6 (2) 164,603 I company
Common By holding
Stock 05/02/2022 P 24,629 A $ 74.63 (3) 189,232 I company
Common By holding
Stock 05/02/2022 P 21,978 A $ 75.26 (4) 211,210 I company
Common Stock 1,742,878 (5)(6) D
Common Stock 1,573 I By family
trusts
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title 2. 3. Transaction 3A. Deemed 4. Transaction 5. Number of 6. Date Exercisable and 7. Title and 8. Price 9. Number of 10. 11. Nature
of Conversion Date Execution Date, Code (Instr. Derivative Expiration Date Amount of of derivative Ownership of Indirect
Derivative or (Month/Day/Year) if any 8) Securities (Month/Day/Year) Securities Derivative Securities Form: Beneficial
Security Exercise (Month/Day/Year) Acquired (A) or Underlying Security Beneficially Direct Ownership
(Instr. 3) Price of Disposed of (D) Derivative (Instr. 5) Owned (D) or (Instr. 4)
Derivative (Instr. 3, 4 and Security (Instr. 3 Following Indirect
Security 5) and 4) Reported (I)
Transaction(s) (Instr.
(Instr. 4)
4)
Amount or
Date Number of
Code V (A) (D) Exercisable Expiration Date Title Shares
Explanation of Responses:
1. The price reported is a weighted average price. These shares were purchased in multiple
transactions ranging from $72.69 to $72.98, inclusive. The Reporting Person undertakes to
provide to the Company, any security holder of the Company or the staff of the Securities
and Exchange Commission, upon request, full information regarding the number of shares purchased
at each separate price within the range.
2. The price reported is a weighted average price. These shares were purchased in multiple
transactions ranging from $73.01 to $73.97, inclusive. The Reporting Person undertakes to
provide to the Company, any security holder of the Company or the staff of the Securities
and Exchange Commission, upon request, full information regarding the number of shares purchased
at each separate price within the range.
3. The price reported is a weighted average price. These shares were purchased in multiple
transactions ranging from $74.03 to $74.99, inclusive. The Reporting Person undertakes to
provide to the Company, any security holder of the Company or the staff of the Securities
and Exchange Commission, upon request, full information regarding the number of shares purchased
at each separate price within the range.
4. The price reported is a weighted average price. These shares were purchased in multiple
transactions ranging from $75.00 to $75.82, inclusive. The Reporting Person undertakes to
provide to the Company, any security holder of the Company or the staff of the Securities
and Exchange Commission, upon request, full information regarding the number of shares purchased
at each separate price within the range.
5. 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.
6. 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.
Brandon Smith on behalf of H. Lawrence Culp, Jr. 05/02/2022
** 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.
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