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
OMB APPROVAL


OMB Number: 3235-0287
Expires: December 31, 2001
Estimated average burden
hours per response. . . . . 0.5
1. Name and Address of Reporting Person*
Feldstein, Eric     A.
(Last)                      (First)                      (Middle)
767 Fifth Avenue, 24th Floor

(Street)
New York, NY     10153
(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 28, 2003

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

                        Director                           10% Owner
           X          Officer                             Other

Officer/Other
Description           GM Group Vice President and Chairman & President of GMAC
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 02/28/2003
   M |     
564   |           A           |          
D
General Motors Common Stock, $1-2/3 Par Value 02/28/2003
   F |     
      259   |           D           |   $33.85
 10,074
D
General Motors Common Stock, $1-2/3 Par Value


1,728
I
 Trust (1)
GM Class H Common Stock, $.10 Par Value


2,439
D
GM Class H Common Stock, $.10 Par Value


836
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)

Feldstein, Eric A. - 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 Stock $1-2/3 Par Value Phantom Stock Units (2)
 1:1 02/28/2003
   M |     
    (D) 564
(3) | (3)
 General Motors Common Stock, $1-2/3 Par Value - 564
4
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $44.73


Current | 02/04/2007
 General Motors Common Stock, $1-2/3 Par Value - 12,111
12,111
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $46.59


Current | 01/13/2008
 General Motors Common Stock, $1-2/3 Par Value - 13,481
13,481
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $71.53


Current | 01/12/2009
 General Motors Common Stock, $1-2/3 Par Value - 18,030
18,030
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $75.50


Current | 01/11/2010
 General Motors Common Stock, $1-2/3 Par Value - 17,000
17,000
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $52.35


Current | 01/09/2011
 General Motors Common Stock, $1-2/3 Par Value - 13,334
13,334
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $52.35


01/08/2004 | 01/09/2011
 General Motors Common Stock, $1-2/3 Par Value - 6,666
6,666
D
GM Stock $1-2/3 Par Value Option (Right To Buy) (3)
 $50.46


Current | 01/08/2012
 General Motors Common Stock, $1-2/3 Par Value - 10,002
10,002
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $50.46


01/07/2004 | 01/08/2012
 General Motors Common Stock, $1-2/3 Par Value - 9,999
9,999
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $50.46


01/07/2005 | 01/08/2012
 General Motors Common Stock, $1-2/3 Par Value - 9,999
9,999
D
GM Stock $1-2/3 Par Value Option (Right To Buy) (3)
 $50.82


Current | 02/05/2012
 General Motors Common Stock, $1-2/3 Par Value - 6,000
6,000
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $50.82


02/04/2004 | 02/05/2012
 General Motors Common Stock, $1-2/3 Par Value - 6,000
6,000
D
GM Stock $1-2/3 Par Value Option (Right to Buy) (3)
 $50.82


02/04/2005 | 02/05/2012
 General Motors Common Stock, $1-2/3 Par Value - 6,000
6,000
D
GM Stock $1-2/3 Par Value Option (Right To Buy) (3)
 $40.05


01/21/2004 | 01/22/2013
 General Motors Common Stock, $1-2/3 Par Value - 12,668
12,668
D
GM Stock $1-2/3 Par Value Option (Right To Buy) (3)
 $40.05


01/21/2005 | 01/22/2013
 General Motors Common Stock, $1-2/3 Par Value - 12,666
12,666
D
GM Stock $1-2/3 Par Value Option (Right To Buy) (3)
 $40.05


01/21/2006 | 01/22/2013
 General Motors Common Stock, $1-2/3 Par Value - 12,666
12,666
D











Explanation of Responses :


** 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
Eric A. Feldstein


Page 2
SEC 1474 (3-99)
Feldstein, Eric A. - February 2003
Form 4 (continued)
FOOTNOTE Descriptions for General Motors Corporation GM & GMH

Form 4 - February 2003

Eric A. Feldstein
767 Fifth Avenue, 24th Floor

New York, NY 10153
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)   The Phantom Stock Units were accrued under the Rule 16b-3 qualified General Motors Deferred Compensation Plan. Dividend equivalents are earned on each Phantom Stock Unit. Units held as of 12/31/02.
(3)   Employee stock options granted pursuant to Rule 16b-3 qualified General Motors Stock Incentive Plan.
Page 3