4//SEC Filing
TECUMSEH PRODUCTS CO 4
Accession 0001209191-14-054977
CIK 0000096831operating
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 11:48 AM ET
Size
5.8 KB
Accession
0001209191-14-054977
Insider Transaction Report
Form 4
ROSSITER ROBERT E
Director
Transactions
- Award
Restricted Stock Units
2014-08-28+9,637→ 9,637 total→ Common Shares (9,637 underlying)
Footnotes (1)
- [F1]On August 21, 2014, our Board appointed Robert E. Rossiter as a director, effective immediately. On August 28, 2014, the reporting person received an award of a number of restricted stock units (each representing a contingent right to receive one of our common shares) equal to $51,558, divided by the closing sale price of our common shares on August 28, 2014 of $5.35 under our 2014 Omnibus Incentive Plan. The $51,558 represents the $75,000 annual retainer prorated for the service period. The restricted stock units vest on April 29, 2015, immediately before the 2015 annual meeting of shareholders if held on that date and if the outside director is serving on that date. The restricted stock units are to be settled 75% in common shares and 25% in cash within 14 days after the vesting date.
Documents
Issuer
TECUMSEH PRODUCTS CO
CIK 0000096831
Entity typeoperating
IncorporatedMI
Related Parties
1- filerCIK 0000096831
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 11:48 AM ET
- Size
- 5.8 KB