BOYSE STEPHANIE H 4
4 · TECUMSEH PRODUCTS CO · Filed Feb 13, 2013
Insider Transaction Report
Form 4
TECUMSEH PRODUCTS COTECUA
BOYSE STEPHANIE H
Director
Transactions
- Award
Deferred Stock Units
2013-02-11+1,534.352→ 1,534.352 total→ Class A Common Stock (1,534.352 underlying)
Footnotes (1)
- [F1]A new non-employee director who takes office after the annual meeting of shareholders receives a pro rata allocation of deferred stock units. 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 Company Change in Control (as defined in the plan) or the date he or she ceases to be a non-employee director for any reason.