4//SEC Filing
Seikel Terence C. 4
Accession 0001209191-11-025028
CIK 0000096831other
Filed
Apr 28, 8:00 PM ET
Accepted
Apr 29, 3:37 PM ET
Size
11.0 KB
Accession
0001209191-11-025028
Insider Transaction Report
Form 4
TECUMSEH PRODUCTS COTECUA
Seikel Terence C.
Director
Transactions
- Award
Deferred stock units
2011-04-27+5,846.814→ 5,846.814 total→ Class A Common Stock (5,846.814 underlying)
Footnotes (2)
- [F1]Deferred stock units automatically awarded to Outside Directors of the Company effective on the date of the Annual Meeting of Shareholders each year (April 27, 2011 this 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, within 30 days after the earlier of a Comapny Change in Control (as defined in the plan) or the date he or she ceases to be a non-employee director for any reason.
- [F2]Beginning at the 2011 Annual Meeting of Shareholders, these deferred stock units are being awarded after the election of directors at the Annual Meeting of Shareholders, and for 2011 only, a pro rated award of deferred stock units was made on January 1, 2011 for the short transition plan year period from January 1, 2011 through the 2011 Annual Meeting of Shareholders.
Issuer
TECUMSEH PRODUCTS CO
CIK 0000096831
Entity typeother
Related Parties
1- filerCIK 0001471477
Filing Metadata
- Form type
- 4
- Filed
- Apr 28, 8:00 PM ET
- Accepted
- Apr 29, 3:37 PM ET
- Size
- 11.0 KB