TECUMSEH PRODUCTS CO 4
4 · TECUMSEH PRODUCTS CO · Filed Sep 22, 2015
Insider Transaction Report
Form 4
ROSSITER ROBERT E
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2015-09-21$5.00/sh−10,736$53,680→ 0 total→ Common Shares (10,736 underlying) - Disposition from Tender
Common Shares
2015-09-21$5.00/sh−7,227$36,135→ 0 total
Footnotes (1)
- [F1]Each restricted stock unit represented a contingent right to receive one of our common shares. The restricted stock units vest on April 27, 2016, immediately before the 2016 annual meeting of shareholders if held on that date and if the outside director is serving on that date. The restricted stock units were to be settled 75% in common shares and 25% in cash within 14 days after the vesting date. In connection with the Compnay's merger, restricted stock units were cancelled in exchange for payment of the merger consideration in cash.