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.
Effective July 20, 2005 the following GE insider transactions became effective:
The following 3 Executive Officers exercised options from a grant received on
9/15/1995.
-- Ben W. Heineman, Jr. exercised 270,000 options
-- Ron R. Pressman exercised 72,000 options
-- Keith S. Sherin exercised 60,000 options
The securities were converted on a 1-for-1 basis at a price of $10.65 per
option. All exercises were on a cashless stock option exercise basis and all
Executive Officers are required to hold the net shares received for a period of
one year. The following same day sales took place in order to cover the exercise
costs and taxes incurred:
-- B. Heineman sold a total of 161,280 GE shares in the open market at an
average price of $35.1530 per share.
-- R. Pressman sold a total of 44,025 GE shares in the open market at an
average price of $35.2074 per share.
-- K. Sherin sold a total of 35,840 GE shares in the open market at an average
price of $35.2091 per share.
A Form 4 for each Executive Officer disclosing the transactions described above
was filed with the SEC on July 22, 2005.
Submitted on behalf of GE by Eliza W. Fraser, Associate Corporate Counsel, Tel:
203-373-2442
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.