SEC Form 4 · accession 0001209191-16-154379
TENNECO INC · TEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregg M Sherrill
Officer — Chairman & CEO · Director
Period of report
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 4:10 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 StockF1 | Dec 7, 2016 | S | 7,500 | $63.26 | D | 273,615 | D | |
| Common StockF2 | Dec 7, 2016 | S | 40,384 | $63.82 | D | 233,231 | D | |
| Common Stock | Dec 7, 2016 | M | 49,210 | $45.42 | A | 282,441 | D | |
| Common StockF4 | Dec 7, 2016 | S | 49,210 | $64.25 | D | 233,231 | D | |
| Common StockF5 | holding | — | — | — | 116,441 | D |
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)F7,F6 | $45.42 | Dec 7, 2016 | M | 49,210 | D | — | Jan 18, 2018 | Common Stock | 49,210 | 0 | D |
Explanation of responses
- F1The Common Stock sold by the Reporting Person and reported herein were sold at a range of between $62.57 and $63.50 per share. The sale price represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
- F2The Common Stock sold by the Reporting Person and reported herein were sold at a range of between $63.51 and $64.21 per share. The sale price represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
- F3Reflects cashless exercise of stock options which were granted pursuant to Rule 16b-3.
- F4The Common Stock sold by the Reporting Person and reported herein were sold at a range of between $64.16 and $64.37 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.
- F5Reflects restricted stock granted to the Reporting Person pursuant to Rule 16b-3.
- F6The stock options exercised by the Reporting Person vested in three equal installments on January 19, 2012, January 19, 2013 and January 19, 2014.
- F7Reflects stock options granted pursuant to Rule 16b-3.