Seikel Terence C. 4/A
4/A · TECUMSEH PRODUCTS CO · Filed Feb 9, 2010
Insider Transaction Report
Form 4/AAmended
TECUMSEH PRODUCTS COTECUA
Seikel Terence C.
Director
Transactions
- Award
Deferred stock units
2010-01-01+3,337.505→ 3,337.505 total→ Class A Common Stock (3,337.505 underlying)
Footnotes (1)
- [F1]Deferred stock units automatically awarded to Outside Directors of the Company effective January 1 each year. Deferred stock units are the economic equivalent of one share of Class A common stock. 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 involuntarily, for any "Reason" as defined in the Company's Outside Directors' Deferred Stock Unit Plan (generally breach of policies, failure to perform duties, conviction of various crimes, embezzlement or materially injuring the Company). The deferred stock units will be paid out of the Director's Account in cash, based on the then current market value fo the Class A common stock, within 30 days after the earlier of a Company Change in Control (as defiined in the plan) or the date he or she ceases to e a non-empoyee director for any reason.