Edgar Filing: Young Ray G

Ownership Submission

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Young Ray G

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2007

3. Issuer Name and Ticker or Trading Symbol
GENERAL MOTORS CORP [GM]

(Last)

(First)

(Middle)

300 RENAISSANCE CENTER

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Group Vice President

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

DETROIT,Â MIÂ 48265-3000

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 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)
General Motors Common Stock, $1-2/3 Par Value	11,579	D	Â
General Motors Common Stock, $1-2/3 Par Value	984	I	Trust ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/12/1999⁽²⁾	01/13/2008	General Motors Common Stock, $1-2/3 Par Value	4,447	$ 46.59	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/11/2000⁽²⁾	01/12/2009	General Motors Common Stock, $1-2/3 Par Value	5,649	$ 71.53	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/10/2001⁽²⁾	01/22/2010	General Motors Common Stock, $1-2/3 Par Value	6,000	$ 75.5	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/08/2002⁽²⁾	01/09/2011	General Motors Common Stock, $1-2/3 Par Value	7,500	$ 52.35	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/07/2003⁽²⁾	01/08/2012	General Motors Common Stock, $1-2/3 Par Value	14,000	$ 50.46	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	02/04/2003⁽²⁾	02/05/2012	General Motors Common Stock, $1-2/3 Par Value	7,000	$ 50.82	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/21/2004⁽²⁾	01/22/2013	General Motors Common Stock, $1-2/3 Par Value	16,000	$ 40.05	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/23/2005⁽²⁾	01/24/2014	General Motors Common Stock, $1-2/3 Par Value	12,800	$ 53.92	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	01/24/2006⁽²⁾	01/25/2015	General Motors Common Stock, $1-2/3 Par Value	12,800	$ 36.37	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	02/23/2007⁽²⁾	02/24/2016	General Motors Common Stock, $1-2/3 Par Value	10,000	$ 20.9	D	Â
GM Stock $1-2/3 Par Value Option (Right to Buy) ⁽²⁾	03/20/2008⁽²⁾	03/21/2017	General Motors Common Stock, $1-2/3 Par Value	15,000	$ 29.11	D	Â
GM Phantom Stock Units $1-2/3 Par Value Common Stock ⁽³⁾	Â ⁽³⁾	Â ⁽³⁾	General Motors Common Stock, $1-2/3 Par Value	1,697	$ 0	D	Â
GM Stock $1-2/3 Par Value Restricted Stock Units ⁽⁴⁾	02/23/2007⁽⁴⁾	Â ⁽⁴⁾	General Motors Common Stock, $1-2/3 Par Value	6,333	$ 0	D	Â
GM Stock $1-2/3 Par Value Restricted Stock Units ⁽⁴⁾	03/20/2008⁽⁴⁾	Â ⁽⁴⁾	General Motors Common Stock, $1-2/3 Par Value	10,954	$ 0	D	Â

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Young Ray G 300 RENAISSANCE CENTER DETROIT,Â MIÂ 48265-3000	Â	Â	Â Group Vice President	Â

Signatures

/s/ Martin I. Darvick, attorney-in-fact for Mr. Young		11/01/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Shares held in trust under General Motors Savings Stock Purchase Program as of 10/31/07. State Street Bank & Trust Co., Trustee. Shares owned pursuant to Rule 16b-3 exempt employee savings plan.
(2)	Employee stock option granted pursuant to Rule 16b-3 qualified General Motors Stock Incentive Plan. Stock options vest and become exercisable in three equal annual installments, commencing, respectively, one, two and three years from the date of initial grant. Date shown in column 6 is the date the first installment becomes/became exercisable.
(3)	The Phantom Stock Units are held under Section 16b-3(c) exempt Rule 16b-3(b)(2) eligible excess benefit plan operated in conjunctionwith a qualified 401(k) plan. The Units are payable in cash upon separation from General Motors. These Units are being reported even though they are exempt under Rule 16b-3. Units held as of 10/31/07. The price of zero is notional and only used for purposes of facilitating the electronic filing of this Form.
(4)	Restricted Stock Units (?RSU?) granted pursuant to Rule 16b-3 qualified General Motors 2006 Cash Based Restricted Stock Unit Plan. The RSUs are denominated in stock units but are to be paid in cash in three annual installments commencing, respectively, one, two and three years from the date of initial grant. Date shown in column 6 is the date the first installment is/was payable. The price of zero is notional and only used for purposes of facilitating the electronic filing of this Form.

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