Aziz William Elias 4
4 · TECUMSEH PRODUCTS CO · Filed Jan 5, 2009
Insider Transaction Report
Form 4
TECUMSEH PRODUCTS COTECUATECUB
Aziz William Elias
Director
Transactions
- Award
Deferred stock units
2009-01-01+4,232.804→ 5,944.034 totalExercise: $0.00From: 2009-01-01→ Class A Common Stock (4,232.804 underlying)
Footnotes (1)
- [F1]Deferred Stock units awarded to each Outside Director of the Company on January 1, 2009. Each award under the plan is fully vested when made, except that a director will forfeit his or her account if the director's service on the Board is terminated, voluntarily or otherwise, for any "reason" as defined in the Company's Outside Directors' Deferred Stock Unit Plan. The deferred stock units will be paid out of the Director's account in cash, based on the then current market value of the Class A stock, promptly after he or she ceases to be a non-employee director for any reason.