General Electric Company
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.
Effective July 1, 2005 the following GE insider transactions became effective:
1) An Executive Officer, Pamela Daley exercised 16,000 options. The securities
were converted on a 1-for-1 basis at a price of $10.65 per option. This was a
cashless stock option exercise, therefore in a same day sale, 16,000 common
shares of GE were sold at $34.85 in the open market.
2) The following 3 Executive Officers were granted 200,000 Restricted Stock
Units (RSU) each:
-- David L. Calhoun
-- Michael A. Neal
-- John G. Rice
The RSUs convert on a 1-1 basis with the following vesting schedule: 25% will
vest on the 3rd anniversary of the grant; 25% on the 5th anniversary; 25% on the
10th anniversary and 25% upon retirement at age 60 or later.
3) As part of their quarterly retainer payment, 12 Non-Employee Directors were
granted Deferred Fee Phantom Stock Units (DSU) as follows:
-- James I. Cash Jr. 1,147
-- Ann M. Fudge 1,529
-- Claudio X. Gonzalez 2,086
-- Andrea Jung 1,147
-- Alan G. Lafley 1,738
-- Robert W. Lane 869
-- Ralph S. Larsen 1,912
-- Rochelle B. Lazarus 1,738
-- Sam Nunn 1,912
-- Roger S. Penske 1,738
-- Robert J. Swieringa 1,606
-- Douglas A. Warner III 1,251
Each unit was acquired at a price of $35.96 pursuant to the terms of the GE 2003
Non-Employee Director Compensation Plan. Each unit is equal in value to one
share of GE stock. The DSUs will be paid out in cash beginning one year after
termination of service as director.
Forms 4 disclosing the transactions described in paragraphs 1-3 were filed with
the SEC on July 6, 2005.
Submitted on behalf of GE by Eliza W. Fraser, Associate Corporate Counsel, Tel:
203-373-2442
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