SEC Form 4 · accession 0001181431-15-000807
TENNECO INC · TEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy E Jackson
Officer — Executive Vice President
Period of report
Jan 7, 2015
Accepted (ET)
Jan 9, 2015 · 2:59 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001024725
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 7, 2015 | M | 27,530 | $1.99 | A | 124,122 | D | |
| Common StockF2 | Jan 7, 2015 | S | 27,530 | $53.14 | D | 96,592 | D | |
| Common StockF3 | holding | — | — | — | 12,814 | D | ||
| Common StockF4 | holding | — | — | — | 4,192 | I | By 401(K) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F6,F5 | $1.99 | Jan 7, 2015 | M | 27,530 | D | — | Jan 21, 2016 | Common Stock | 27,530 | 0 | D |
Explanation of responses
- F1Reflects cashless exercise of stock options which were granted pursuant to Rule 16b-3. The transaction was effected pursuant to a plan adopted under Rule 10b5-1.
- F2The Common Stock sold by the Reporting Person and reported herein were sold at a range of between $52.70 and $53.46 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
- F3Reflects restricted stock granted to the Reporting Person pursuant to Rule 16b-3.
- F4Reflects shares allocated to, and indirectly held by, the Reporting Person under the Issuer's 401(k) Plan.
- F5The stock options exercised by the Reporting Person vested in three equal installments on January 22, 2010, January 22, 2011 and January 22, 2012.
- F6Reflects stock options granted pursuant to Rule 16b-3.