SEC Form 4 · accession 0001209191-16-118738
TENNECO INC · TEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kenneth R Trammell
Officer — Exec. Vice President and CFO
Period of report
May 6, 2016
Accepted (ET)
May 10, 2016 · 3:44 pm EDT
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 | May 6, 2016 | M | 21,080 | $19.48 | A | 134,563 | D | |
| Common StockF2 | May 6, 2016 | S | 21,080 | $51.55 | D | 113,483 | D | |
| Common StockF3 | holding | — | — | — | 27,436 | D | ||
| Common StockF4 | holding | — | — | — | 3,805 | 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 Acquire)F6,F5 | $19.48 | May 6, 2016 | M | 21,080 | D | — | Jan 14, 2017 | Common Stock | 21,080 | 0 | D |
Explanation of responses
- F1Reflects cashless exercise of stock options which were granted pursuant to Rule 16b-3.
- F2The Common Stock sold by the Reporting Person and reported herein were sold at a range of between $51.42 and $51.64 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 15, 2011, January 15, 2012 and January 15, 2013.
- F6Reflects stock options granted pursuant to Rule 16b-3.