Noelke Michael A. 4
4 · TECUMSEH PRODUCTS CO · Filed Mar 8, 2013
Insider Transaction Report
Form 4
TECUMSEH PRODUCTS COTECUA
Noelke Michael A.
VP Sales, Mktg & Engineering
Transactions
- Disposition to Issuer
Phantom Shares
2013-03-06−27,484→ 0 totalFrom: 2013-12-31Exp: 2013-12-31→ Class A Common Stock (27,484 underlying) - Disposition to Issuer
Phantom Shares
2013-03-06−27,484→ 0 totalFrom: 2014-12-31Exp: 2014-12-31→ Class A Common Stock (27,484 underlying) - Disposition to Issuer
Stock appreciation rights
2013-03-06−15,610→ 0 totalExercise: $12.86Exp: 2017-01-04→ Class A Common Stock (15,610 underlying)
Footnotes (3)
- [F1]The stock appreciation rights vested in three equal annual installments beginning on January 4, 2011.
- [F2]Each phantom share is the economic equivalent of one share of Class A common stock.
- [F3]On March 6, 2013, the reporting person's employment terminated and pursuant to a General Release of All Claims, dated as of March 6, 2013, he will receive $105,000 in exchange for, among other things, a release from all claims, rights and liabilities arising out of his employment relationship with Tecumseh Products Company, including his previously vested stock appreciation rights as well as yet-to-be vested phantom shares.