Attached files
| file | filename |
|---|---|
| 8-K - GENERAL ELECTRIC CO | frm8k016.htm |
| EX-99.1 - GENERAL ELECTRIC CO | ex99_1.htm |
Exhibit
99.2
October
16, 2009
NOTICE
TO DIRECTORS AND EXECUTIVE OFFICERS
OF
GENERAL ELECTRIC COMPANY
BLACKOUT
PERIOD FOR TRANSACTIONS
IN
GE SECURITIES
You are receiving
this notice to advise you that your ability to purchase, sell, acquire, or
transfer equity securities of General Electric Company (“GE”) will be restricted
from November 30, 2009 through the week of December 7, 2009.
Starting
in December, significant enhancements and other changes will be made to the GE
Savings and Security Program (“S&SP”). In addition, the
recordkeeping and certain other administrative services of S&SP will be
transferred to Fidelity Investments®. As
of December 1, 2009, Fidelity Management Trust Company will serve as directed
trustee with respect to the plan’s assets.
In order
to ensure a smooth transition of S&SP’s recordkeeping function to Fidelity
and to implement the other changes in S&SP, participants in S&SP will be
temporarily unable to direct or diversify investments in their individual
accounts; obtain loans, withdrawals, or distributions from S&SP; or view
account information. S&SP includes GE common stock as an
investment option, and participants will be temporarily unable to purchase,
sell, or otherwise acquire or transfer interests in GE common stock in their
individual accounts during this period.
The
period during which these participant transactions are temporarily suspended
under S&SP is called a “Blackout Period.” The Blackout Period
will begin at 4:00 p.m. Eastern time on November 30, 2009, and is expected to
end on December 7, 2009 (or possibly later that week). You can
determine whether the Blackout Period has started or ended by contacting Michael
McAlevey at the telephone number or email address provided below.
Section
306(a) of the Sarbanes-Oxley Act and applicable securities regulations prohibit
each director and executive officer of GE from directly or indirectly
purchasing, selling, or otherwise acquiring or transferring any equity security
of GE during the Blackout Period, if the director or executive officer acquired
the equity security in connection with service as a director or executive
officer of GE. These restrictions apply whether or not the director
or executive officer participates in S&SP. GE’s equity securities
include GE common stock, any security convertible into GE common stock, stock
options or stock appreciation rights exercisable for GE common stock, and any
interest whose value is based on GE common stock, including restricted stock
units, performance share units, and deferred stock units.
Consequently, during the Blackout
Period, you may not directly or indirectly purchase, sell or otherwise acquire
or transfer any equity security of GE (or exercise any GE stock options or stock
appreciation rights) that you acquired in connection with your service as a
director or executive officer of GE. Please note that any securities of
GE that you acquire, sell, or transfer during the Blackout Period will be
considered to have been acquired in connection with your service as a director
or executive officer, unless you can establish that the securities were acquired
from another source. Transactions covered by these restrictions are
not limited to those involving your direct ownership, but include any
transactions in which you may have a pecuniary interest (e.g., transactions by
members of your family who share your household, as well as by certain entities
in which you have financial involvement).
There
are a limited number of exceptions to the restrictions described above, and
certain types of transactions continue to be permitted during the Blackout
Period. These permitted transactions generally are transactions over
which you have no control, such as shares of GE stock that you inherit during
the Blackout Period or shares acquired or sold pursuant to a Rule 10b5-1 trading
plan established before you became aware of the Blackout Period. For
more information about these exceptions and whether they apply in a particular
situation, please contact the person identified below.
To learn
whether the Blackout Period has started or ended, or if you have any other
questions about this notice, please contact Michael McAlevey by phone at (203)
373-2211 or by email at michael.mcalevey@ge.com.