4//SEC Filing
NICHOLSON JAMES S 4
Accession 0001209191-10-015710
CIK 0000096831other
Filed
Mar 8, 7:00 PM ET
Accepted
Mar 9, 5:12 PM ET
Size
13.9 KB
Accession
0001209191-10-015710
Insider Transaction Report
Form 4
TECUMSEH PRODUCTS COTECUA
NICHOLSON JAMES S
VP, Treasurer and CFO
Transactions
- Exercise/Conversion
Class A Common Stock
2009-12-31+4,060→ 4,860 total - Exercise/Conversion
Class A Common Stock
2009-12-31+13,313→ 14,113 total - Exercise/Conversion
Phantom shares
2009-12-31−4,060→ 0 totalFrom: 2011-03-04Exp: 2011-03-04→ Class A Common Stock (4,060 underlying) - Disposition to Issuer
Class A Common Stock
2009-12-31$12.99/sh−4,060$52,739→ 800 total - Exercise/Conversion
Phantom shares
2009-12-31−13,313→ 0 totalFrom: 2012-01-02Exp: 2012-01-02→ Class A Common Stock (13,313 underlying) - Disposition to Issuer
Class A Common Stock
2009-12-31$12.99/sh−13,313$172,936→ 800 total
Footnotes (3)
- [F1]Each phantom share is the economic equivalent of one share of Class A common stock.
- [F2]On December 31, 2009, the reporting person's employment terminated and the vesting of his phantom shares accelerated entitling him to $203,090 for all of his phantom shares, based on the closing market price of the Class A Common Stock on December 31, 2009. On January 19, 2010, the reporting person entered into a Settlement Agreement and Waiver of All Rights and Claims, pursuant to which we paid him $225,576 for all of his phantom shares, based on the closing market price of the Class A Common Stock on January 19, 2010 ($12.99 a share).
- [F3]The reporting person settled his phantom shares for cash.
Documents
Issuer
TECUMSEH PRODUCTS CO
CIK 0000096831
Entity typeother
Related Parties
1- filerCIK 0001286020
Filing Metadata
- Form type
- 4
- Filed
- Mar 8, 7:00 PM ET
- Accepted
- Mar 9, 5:12 PM ET
- Size
- 13.9 KB