Director/PDMR Shareholding

RNS Number : 5603M

General Electric Company

08 January 2019

 

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Strazik Scott (Last) (First) (Middle) 41 FARNSWORTH STREET (Street) BOSTON MA 02210 (City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year) 01/01/2019

3. Issuer Name and Ticker or Trading Symbol GENERAL ELECTRIC CO [ GE ]

4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Senior Vice President

5. 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 Beneficially Owned

1. Title of Security (Instr. 4)

2. Amount of Securities Beneficially Owned (Instr. 4)

3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)

4. Nature of Indirect Beneficial Ownership (Instr. 5)

Common Stock

29,969

D

Common Stock

60,550

I

401(k)

Common Stock

11,662

I

Spouse's 401(k)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)

2. Date Exercisable and Expiration Date (Month/Day/Year)

3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)

4. Conversion or Exercise Price of Derivative Security

5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)

6. Nature of Indirect Beneficial Ownership (Instr. 5)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Restricted Stock Units

(2)

(2)

Common Stock

3,000

(1)

D

Restricted Stock Units

(3)

(3)

Common Stock

10,000

(1)

D

Restricted Stock Units

(4)

(4)

Common Stock

30,000

(1)

D

Restricted Stock Units

(5)

(5)

Common Stock

20,000

(1)

D

Employee Stock Option (right to buy)(6)

06/09/2012

06/09/2021

Common Stock

30,000

18.58

D

Employee Stock Option (right to buy)(6)

09/07/2013

09/07/2022

Common Stock

40,000

21.59

D

Employee Stock Option (right to buy)(6)

09/13/2014

09/13/2023

Common Stock

50,000

23.78

D

Employee Stock Option (right to buy)(6)

09/05/2015

09/05/2024

Common Stock

75,000

26.1

D

Employee Stock Option (right to buy)(6)

09/11/2016

09/11/2025

Common Stock

90,000

24.95

D

Employee Stock Option (right to buy)(6)

09/30/2017

09/30/2026

Common Stock

110,000

29.62

D

Employee Stock Option (right to buy)(6)

11/17/2018

11/17/2027

Common Stock

115,000

18.21

D

Employee Stock Option (right to buy)(7)

01/29/2021

01/29/2028

Common Stock

125,000

16.28

D

Employee Stock Option (right to buy)(8)

03/19/2019

03/19/2028

Common Stock

325,025

14.07

D

Employee Stock Option (right to buy)(9)

12/21/2019

12/21/2028

Common Stock

500,000

7.15

D

Explanation of Responses:

1. 1-for-1

2. 15,000 units granted on 7/24/2014; 3,000 units vested on 7/24/2015; 3,000 units vested on 7/24/2016; 3,000 units vested on 7/24/2017; 3,000 units vested on 7/24/2018; and 3,000 units are scheduled to vest on 7/24/2019.

3. 25,000 units granted on 9/11/2015; 5,000 units vested on 9/11/2016; 5,000 units vested on 9/11/2017; 5,000 units vested on 9/11/2018; 5,000 units are scheduled to vest on 9/11/2019; and 5,000 units are scheduled to vest on 9/11/2020.

4. 50,000 units granted on 7/28/2016; 10,000 units vested on 7/28/2017; 10,000 units vested on 7/28/2018; 10,000 units are scheduled to vest on 7/28/2019; 10,000 units are scheduled to vest on 7/28/2020; and 10,000 units are scheduled to vest on 7/28/2021.

5. 25,000 units granted on 2/10/2017; 5,000 units vested on 2/10/2018; 5,000 units are scheduled to vest on 2/10/2019; 5,000 units are scheduled to vest on 2/10/2020; 5,000 units are scheduled to vest on 2/10/2021; and 5,000 units are scheduled to vest on 2/10/2022.

6. The options become exercisable in five equal installments of 20% each beginning on the "Date Exercisable" shown to the right, and another 20% become exercisable each year thereafter.

7. The options become exercisable in one installment on 1/29/2021.

8. The options become exercisable in three installments, with 108,341 options exercisable on 3/19/2019, and another 108,342 options exercisable on each of 3/19/2020 and 3/19/2021.

9. The options become exercisable in two equal installments of 50% each on 12/21/2020 and 12/21/2021.

Remarks:

Julia Chen on behalf of Scott Strazik

01/08/2019

** 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 5 (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.

Limited Power of Attorney for Section 16 Reporting Obligations.

I, Scott Strazik, hereby appoint GE to assist me in the preparation and
filing of Section 16 reports, and execute the below Power of Attorney
for this purpose.

I am an officer of General Electric Company (GE) and, until further
written notice, I hereby individually authorize Christoph Pereira
(GE's Vice President, Chief Corporate, Securities and Finance Counsel),
Brian Sandstrom (GE's Executive Corporate, Securities and Finance Counsel),
Brandon Smith (GE's Executive Corporate, Securities and Finance
Counsel), and Julia Chen (GE's Corporate, Securities and Finance
Counsel) to sign on my behalf any Form 3, Form 4, Form 5, Form 144 or
related form that I have filed or may file hereafter in connection with
my direct or indirect beneficial ownership of GE securities, and to
take any other action of any type whatsoever in connection with the
foregoing that in his or her opinion may be for the benefit of, in the best
interest of, or legally required by  me.

Signed: /s/ Scott Strazik
Name: Scott Strazik
Date: 12/30/2018

 

END

 

 

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