SEC Form 4 · accession 0001209191-18-062297
TENNECO INC · TEN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brandon B. Smith
Officer — Senior Vice President, *
Period of report
Dec 10, 2018
Accepted (ET)
Dec 12, 2018 · 5:54 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 |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | holding | — | — | — | 3,540 | D | ||
| Class A Common StockF1 | holding | — | — | — | 1,763 | D | ||
| Class A Common StockF2 | holding | — | — | — | 1,172 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F3 | — | Dec 10, 2018 | A | 23,020 | A | — | — | Class A Common Stock | 23,020 | 23,020 | D |
Explanation of responses
- F1Reflects restricted stock granted to the Reporting Person pursuant to Rule 16b-3.
- F2Reflects stock allocated to, and indirectly held by, the Reporting Person under the Issuer's 401(k) Plan.
- F3Reflects restricted stock units granted to the Reporting Person pursuant to Rule 16b-3, all of which vest on the third anniversary of the grant date. Each restricted stock unit represents the contingent right to receive one share of Class A common stock. Upon consummation of the Issuer's proposed separation into two companies, 50 percent of the units will be converted into units representing the right to receive shares of the company to be spun off.
- F4Does not give effect to 5,814 restricted stock units previously granted to the Reporting Person and which vest on different schedules.
Remarks
* General Counsel and Corporate Secretary