DODGE BERGER A 4

4 · TODD SHIPYARDS CORP · Filed Jul 6, 2010

Form 4

Period: 2010-07-01

Chief Financial Officer

Transactions

Exercise/Conversion
Todd Shipyards Corp Common
2010-07-01+360→ 6,480 total
Exercise/Conversion
Todd Shipyards Corp Common
2010-07-06+300→ 8,380 total
Exercise/Conversion
Todd restricted stock units
2010-07-01−360→ 1,080 total
→ Common Stock (360 underlying)
Exercise/Conversion
Todd Shipyards Corp Common
2010-07-06+1,600→ 8,080 total
Exercise/Conversion
Todd restricted stock units
2010-07-06−300→ 600 total
→ Common Stock (300 underlying)
Exercise/Conversion
Todd Shipyards Corp Common
2010-07-01+360→ 6,120 total
Exercise/Conversion
Todd restricted stock units
2010-07-06−1,600→ 1,600 total
→ Common Stock (1,600 underlying)
Exercise/Conversion
Todd restricted stock units
2010-07-01−360→ 1,440 total
→ Common Stock (360 underlying)

Holdings

Todd stock appreciation rights
Exercise: $21.02Exp: 2012-07-06→ Common Stock (3,000 underlying)
3,000
Todd stock appreciation rights
Exercise: $14.48Exp: 2013-07-01→ Common Stock (3,000 underlying)
3,000
Todd stock appreciation rights
Exercise: $16.98Exp: 2014-07-01→ Common Stock (3,000 underlying)
3,000
Todd stock appreciation rights
Exercise: $14.55Exp: 2015-07-01→ Common Stock (3,000 underlying)
3,000
Todd restricted stock units
→ Common Stock (1,800 underlying)
1,800

Footnotes (13)

[F1]Received upon vesting/conversion of restricted stock units previously awarded under Incentive Stock Plan. No consideration was paid to Todd either at time of award or at time of conversion.
[F10]The RSUs vest and convert to Todd Common Stock as to 360 units each July 1 commencing in 2009 (through 2013).
[F11]The RSUs vest and convert to Todd Common Stock as to 360 units each July 1 commencing in 2010 (through 2014).
[F12]The SARs vest as to 1,000 units each July 1 commencing in 2011 (through 2013).
[F13]The RSUs vest and convert to Todd Common Stock as to 360 units on each July 1 commencing in 2011 (through 2015).
[F2]The SARs vest as to 1,000 units on each July 6 commencing in 2008 (through 2010).
[F3]Upon certain termination events, earlier as to non-vested units.
[F4]Each RSU represents the right to receive one share of Todd Common Stock, subject to adjustment as provided in the grant agreement.
[F5]The RSUs vest and convert to Todd Common Stock as to 1,600 units each July 6 commencing in 2007 (through 2011).
[F6]Granted under the Todd Shipyards Incentive Stock Plan.
[F7]The SARs vest as to 1,000 units each July 1 commencing in 2009 (through 2011).
[F8]The RSUs vest and convert to Todd Common Stock as to 300 units each July 6 commencing in 2008 (through 2012).
[F9]The SARs vest as to 1,000 units on each July 1 commencing in 2010 (through 2012).

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