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To: RockyBalboa who wrote (201728)	5/11/2009 7:02:42 PM
From: John Koligman	Read Replies (1) \| Respond to of 306849

Six GM executives sell more than 200,000 shares May 11, 6:29 PM (ET) DETROIT (AP) - Six General Motors Corp. (GM) executives have sold more than 200,000 shares of stock as the company moves toward issuing new equity to give large stakes to the U.S. government and a United Auto Workers retiree health care trust fund. Four group vice presidents and two vice chairmen sold the stock Friday and Monday at prices ranging from $1.45 to $1.61 per share. Spokeswoman Julie Gibson says the sales don't show a lack of faith in the company. She says GM has disclosed publicly that shareholders run the risk of significant dilution or possibly losing their investments in a potential bankruptcy filing. GM plans to issue 62 billion new shares and then do a 100-for-1 reverse stock split. The new shares must be issued because the government and UAW trust are being offered equity to erase billions in debt.