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4//SEC Filing

Buker Edwin L 4

Accession 0001209191-10-015601

CIK 0000096831other
View on SEC.govCompany Profile

Filed

Mar 8, 7:00 PM ET

Accepted

Mar 9, 4:00 PM ET

Size

25.3 KB

Accession

0001209191-10-015601

Insider Transaction Report

Form 4
Period: 2009-08-20
TECUMSEH PRODUCTS COTECUA
Buker Edwin L
DirectorChairman, President, and CEO
Transactions
  • Disposition to Issuer

    Phantom shares

    2009-10-05−89,552→ 0 total
    From: 2010-08-13Exp: 2010-08-13→ Class A Common Stock (89,552 underlying)
  • Disposition to Issuer

    Phantom shares

    2009-10-05−61,125→ 0 total
    From: 2010-02-20Exp: 2010-02-20→ Class A Common Stock (61,125 underlying)
  • Disposition to Issuer

    Stock appreciation rights

    2009-10-05−120,192→ 0 total
    Exercise: $10.07Exp: 2016-01-02→ Class A Common Stock (120,192 underlying)
  • Disposition to Issuer

    Stock appreciation rights

    2009-10-05−49,472→ 0 total
    Exercise: $28.82Exp: 2015-03-04→ Class A Common Stock (49,472 underlying)
  • Disposition to Issuer

    Phantom shares

    2009-10-05−26,023→ 0 total
    From: 2011-03-04Exp: 2011-03-04→ Class A Common Stock (26,023 underlying)
  • Exercise/Conversion

    Phantom shares

    2009-08-20−61,125→ 0 total
    From: 2009-08-20Exp: 2009-08-20→ Class A Common Stock (61,125 underlying)
  • Disposition to Issuer

    Class A Common Stock

    2009-08-20$10.50/sh−61,125$641,813→ 0 total
  • Disposition to Issuer

    Stock appreciation rights

    2009-10-05−325,002→ 0 total
    Exercise: $28.82Exp: 2014-08-13→ Class A Common Stock (325,002 underlying)
  • Disposition to Issuer

    Phantom shares

    2009-10-05−61,125→ 0 total
    From: 2010-08-20Exp: 2010-08-20→ Class A Common Stock (61,125 underlying)
  • Disposition to Issuer

    Phantom shares

    2009-10-05−74,479→ 0 total
    From: 2012-01-02Exp: 2012-01-02→ Class A Common Stock (74,479 underlying)
  • Exercise/Conversion

    Class A Common Stock

    2009-08-20+61,125→ 61,125 total
Footnotes (6)
  • [F1]Each phantom share is the economic equivalent of one share of Class A common stock.
  • [F2]On October 2, 2009, the reporting person's employment terminated and he entered into a Settlement Agreement, dated as of October 2, 2009, under which he received $2,590,000 in full settlement of his claims to compensation and benefits, including outstanding stock appreciation rights and phantom shares, any termination payments under his employment agreement and any payments under is retention letter bonus agreement.
  • [F3]The stock appreciation right vests in three equal annual installments beginning on August 13, 2008.
  • [F4]The stock appreciation right vests in three equal annual installments beginning on March 4, 2009.
  • [F5]The reporting person settled his phantom shares for cash.
  • [F6]The stock appreciation right vests in three equal annual installments beginning on January 2, 2010.

Documents

1 file

Issuer

TECUMSEH PRODUCTS CO

CIK 0000096831

→
Entity typeother

Related Parties

1
  • filerCIK 0001408682

Filing Metadata

Form type
4
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 4:00 PM ET
Size
25.3 KB
View on SEC.gov