Director/PDMR Shareholding

RNS Number : 7643W

General Electric Company

20 August 2020

 

  UNITED STATES SECURITIES AND EXCHANGE COMMISSION

                                                                               Washington, D.C. 20549

       FORM 4                                                                                                                                                                     OMB APPROVAL
                                                                                                                                                                                            OMB Number: 3235-0287
                                                                                                                                                                                                                                Estimated average burden
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o   Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may continue.
See Instruction 1(b).

 

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

1. Name and Address of Reporting Person* CULP  H  LAWRENCE	JR	2. Issuer Name and Ticker or Trading Symbol GENERAL ELECTRIC [GE]						5. Relationship of Reporting Person(s) to Issuer (Check all applicable)     X  Director    10% Owner
(Last)  (First) GENERAL ELECTRIC COMPANY 5 NECCO STREET	(Middle)	3. Date of Earliest Transaction (Month/Day/Year) 08/18/2020						X	Officer(give    Other (specify titlebelow)    below)      Chairman andCEO
(Street) BOSTON  MA	02210	4. 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
(City)  (State)	(Zip)	Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)		2. Transaction Date (Month/Day/ Year)	2A. Deemed Execution Date, if any (Month/ Day/ Year)	3. Transaction Code (Instr. 8)		4.  Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr.4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	Amount	(A) or (D)	Price
Common Stock		08/18/2020		A		13,943,028 (1)(2)	A	$0.00	13,943,028	D
Common Stock									1,169,684	I	By holding company
Common Stock									12,592	I	By family trusts

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).

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

1. Title of Derivative Security (Instr. 3)

2 .Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/ Year)

3A. Deemed Execution Date, if any (Month/ Day/ Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)

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

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

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)

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

Date Exer- cisable

Expira- tion Date

Title

Amount or Number of Shares

Code

V

(A)

(D)

Explanation of Responses:

1.  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.

2. 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.

Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.	/s/ Brandon Smith on behalf of H. Lawrence Culp,Jr.	8/20/2020
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	** Signature of Reporting Person	Date

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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