NICHOLSON JAMES S 4

4 · TECUMSEH PRODUCTS CO · Filed Mar 9, 2010

Form 4

Period: 2009-12-31

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 total
From: 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 total
From: 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

1 file