TENNANT CO 4
4 · TENNANT CO · Filed Feb 26, 2014
Insider Transaction Report
Form 4
TENNANT COTNC
Eckert Andrew J
VP, NA Sales & Service
Transactions
- Tax Payment
Common Stock
2014-02-25$64.00/sh−1,477$94,528→ 11,210 total - Exercise/Conversion
Common Stock
2014-02-25+2,973→ 12,687 total - Exercise/Conversion
Deferred Stock Units - Short-Term Incentive Plan
2014-02-25$40.21/sh−2,973$119,544→ 0 total→ Common Stock (2,973 underlying)
Footnotes (1)
- [F1]This is a payout of Deferred Stock Units granted February 25, 2011, and are governed by the 2010 Stock Incentive Plan. Units were granted at a rate of $1.20 for each dollar of bonus earned. The units are pertaining to the 2009 Short-Term Incentive Plan, converted on a one-for-one basis and are to be settled in 100% Tennant Common Stock. The units themselves (2,375) vested at the time of the grant, the 20% premium (475 units) vested on February 25, 2014, and dividends were converted into additional Deferred Stock Units (123).