SEC Form 4
FORM 4

[ ] Check this box if no longer
subject to Section 16. Form 4 or Form
5 obligations may continue.
See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Pearce, Harry     J.
(Last)                      (First)                      (Middle)
300 Renaissance Center, P.O. Box 300
Mail Code: 482-C38-B71

(Street)
Detroit, MI     48265-3000

(City)                      (State)                      (Zip)

2. Issuer Name and Ticker
    or Trading Symbol

General Motors Corporation   GM & GMH
3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)
4. Statement for
    (Month/Year)

    February 3, 2003


5. If Amendment,
    Date of Original
    (Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

                        Director                           10% Owner
                        Officer                X          Other

Officer/Other
Description           Chairman, Hughes Electronics Corporation*
7. Individual or Joint/Group
    Filing (Check Applicable Line)

X   Individual Filing
      Joint/Group Filing
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security
    (Instr. 3)

2. Transaction Date
    (Month/Day/Year)
3. Transaction
    Code
    and
    Voluntary
    Code
    (Instr. 8)


Code  |  V    
4. Securities Acquired (A) or Disposed (D) Of
    (Instr. 3, 4, and 5)






        Amount      |         A/D         |         Price          
5. Amount of
    Securities
    Beneficially
    Owned at
    End of Month

    (Instr. 3 and 4)
6. Owner-
    ship
    Form:
    Direct(D)
    or
    Indirect (I)

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

    (Instr. 4)
General Motors Common Stock, $1-2/3 Par Value


85,773
D

General Motors Common Stock, $1-2/3 Par Value


3,597
I
Trust (1)
GM Class H Common Stock, $.10 Par Value


129,287
D

GM Class H Common Stock, $.10 Par Value


40,301
I
Trust (1)







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).

(over)
SEC 1474 (3-99)


Pearce, Harry J. - February 2003
Form 4 (continued)
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. Conver-
    sion or
    Exercise
    Price of
    Deri-
    vative
    Security
3. Transaction
    Date

    (Month/
    Day/
    Year)
4. Transaction
    Code
    and
    Voluntary (V)
    Code
    (Instr.8)






Code | V    
5. Number of Derivative
    Securities Acquired (A)
    or Disposed (D) Of

    (Instr. 3,4 and 5)
6. Date Exercisable(DE) and
    Expiration Date(ED)
    (Month/Day/Year)









  (DE)     |     (ED)  
7. Title and Amount of
    Underlying Securities
    (Instr. 3 and 4)
8. Price
    of
    Derivative
    Security
    (Instr.5)
9. Number of
    Derivative
    Securities
    Beneficially
    Owned
    at End of
    Month
    (Instr.4)
10.
Owner-
ship
Form of
Deriv-
ative
Security:
Direct
(D)
or
Indirect
(I)
11. Nature of
      Indirect
      Beneficial
      Ownership
      (Instr.4)
GM Class H $0.10 Par Value Option (Right to Buy) (2)
$7.61


Current | 01/11/2004
GM Class H Common Stock, $.10 Par Value - 48,564
48,564
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$6.67


Current | 01/10/2005
GM Class H Common Stock, $.10 Par Value - 64,923
64,923
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$10.85


Current | 02/06/2006
GM Class H Common Stock, $.10 Par Value - 81,543
81,543
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$10.79


Current | 06/01/2006
GM Class H Common Stock, $.10 Par Value - 162,285
162,285
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$11.73


Current | 06/01/2006
GM Class H Common Stock, $.10 Par Value - 68,304
68,304
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$14.41


Current | 01/12/2009
GM Class H Common Stock, $.10 Par Value - 261,075
261,075
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$34.44


Current | 01/11/2010
GM Class H Common Stock, $.10 Par Value - 100,227
100,227
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$23.14


Current | 01/09/2011
GM Class H Common Stock, $.10 Par Value - 37,427
37,427
D

GM Class H $0.10 Par Value Option (Right to Buy) (2)
$23.14


01/08/2004 | 01/09/2011
GM Class H Common Stock, $.10 Par Value - 18,713
18,713
D

GM Stock $1-2/3 Par Value Option (Right to Buy) (2)
$71.53


Current | 01/12/2009
General Motors Common Stock, $1-2/3 Par Value - 157,762
157,762
D

GM Stock $1-2/3 Par Value Option (Right to Buy) (2)
$75.50


Current | 01/11/2010
General Motors Common Stock, $1-2/3 Par Value - 150,000
150,000
D

GM Stock $1-2/3 Par Value Option (Right to Buy) (2)
$52.35


Current | 01/09/2011
General Motors Common Stock, $1-2/3 Par Value - 100,001
100,001
D

GM Stock $1-2/3 Par Value Option (Right to Buy) (2)
$52.35


01/08/2004 | 01/09/2011
General Motors Common Stock, $1-2/3 Par Value - 49,999
49,999
D












Explanation of Responses : * Mr. Pearce is Chairman of Hughes Electronics Corporation, a wholly-owned subsidiary of General Motors Corporation.


** 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.

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB number.
________________________________         __________________
** Signature of Reporting Person                         Date

Martin I. Darvick - POA for
Harry J. Pearce



Page 2
SEC 1474 (3-99)


Pearce, Harry J. - February 2003
Form 4 (continued)
FOOTNOTE Descriptions for General Motors Corporation GM & GMH

Form 4 - February 2003

Harry J. Pearce
300 Renaissance Center, P.O. Box 300
Mail Code: 482-C38-B71
Detroit, MI 48265-3000

Explanation of responses:

(1)   Shares held in trust under General Motors Stock Purchase Program as of 12/31/02. State Street Bank & Trust Co., Trustee. Shares owned pursuant to Rule 16b-3 exempt employee savings plan.
(2)   Employee stock options granted pursuant to Rule 16b-3 qualified General Motors Stock Incentive Plan.
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