Director/PDMR Shareholding
GENERAL ELECTRIC
Notification of Transactions of Directors/Persons Discharging
Managerial Responsibility and Connected Persons
Please accept this notification by General Electric Company ('GE') as required
by DR 3.1.4R(1) of the UK Disclosure Rules.
The following GE insider transactions became effective:
1) Effective September 14, 2005, an Executive Officer, Michael A. Neal,
exercised 150,000 options from his 1995 stock option grant. The options were due
to expire on September 15, 2005. The securities were converted on a 1-for-1
basis at a price of $10.65 per option. A same day sale of 90,368 GE common
shares in the open market at a price of $34.25 took place in order to cover the
exercise costs and taxes incurred. Mr. Neal was issued 59,632 shares, which is
the net of the options exercised and the shares tendered.
2) Effective September 14, 2005, an Executive Officer, Robert C. Wright,
exercised 150,000 options from his 1995 stock option grant. The options were due
to expire on September 15, 2005. The securities were converted on a 1-for-1
basis at a price of $10.65 per option. A same day sale of 90,368 GE common
shares in the open market at a price of $34.25 took place in order to cover the
exercise costs and taxes incurred. Mr. Wright was issued 59,632 shares, which is
the net of the options exercised and the shares tendered.
3) Effective September 15, 2005, Mr. Wright exercised the remaining 150,000
options from his 1995 stock option grant. The options were due to expire on
September 15, 2005. The securities were converted on a 1-for-1 basis at a price
of $10.65 per option. A same day sale of 90,360 GE common shares in the open
market took place in the following lots in order to cover the exercise costs and
taxes incurred: a. 2,060 shares at $34.19 b. 88,300 shares at $34.18 Mr. Wright
was issued 59,640 shares, which is the net of the options exercised and the
shares tendered.
4) Effective September 15, 2005, Jeffery R. Immelt, GE's Chairman of the Board
and Chief Executive Officer, exercised 162,000 options from his 1995 stock
option grant. The options were due to expire on September 15, 2005. The
securities were converted on a 1-for-1 basis at a price of $10.65 per option. In
order to cover the option exercise price and taxes, Mr. Immelt tendered 96,645
shares of GE common stock that he already owns. The value of the common stock
tendered was $34.235 per share determined by using the average of the high and
low traded prices on the NYSE for GE stock on September 15, 2005, the date of
exercise. Mr. Immelt was issued 65,355 shares, which is the net of the options
exercised and the shares tendered.
A Form 144 disclosing the sale transactions described in paragraphs 2 and 3 was
sent via Fed Ex to the SEC on September 14, 2005.
Forms 4 disclosing the transactions described in paragraphs 1 through 4 were
filed with the SEC on September 16, 2005.
Submitted on behalf of GE by Eliza W. Fraser, Associate Corporate Counsel, Tel:
203-373-2442.