TECUMSEH PRODUCTS CO 4
4 · TECUMSEH PRODUCTS CO · Filed May 1, 2015
Insider Transaction Report
Form 4
Seikel Terence C.
Director
Transactions
- Award
Restricted Stock Units
2015-04-29+10,736→ 10,736 total→ Common Shares (10,736 underlying) - Exercise/Conversion
Common Shares
2015-04-29+15,625→ 25,625 total - Disposition to Issuer
Common Shares
2015-04-29$3.32/sh−3,907$12,971→ 21,718 total - Exercise/Conversion
Restricited Stock Units
2015-04-29−15,625→ 0 totalFrom: 2015-04-29Exp: 2015-04-29→ Common Shares (15,625 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one of our common shares. The restricted stock units vest on April 27, 2016, immediately before the 2016 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.
- [F2]Each restricted stock unit represented a contingent right to receive one of our common shares. The restricted stock units vested on April 29, 2015, immediately before the 2015 annual meeting of shareholders, and are to be settled 75% in common shares and 25% in cash within 14 days after the vesting date.