SEC Form 4 · accession 0000899243-15-005182
TECUMSEH PRODUCTS CO · TECU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Janice E Stipp
Officer — EVP, CFO, Treasurer, Secretary
Period of report
Sep 21, 2015
Accepted (ET)
Sep 22, 2015 · 4:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000096831
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom SharesF1 | — | Sep 21, 2015 | D | 1,576 | D | Dec 31, 2015 | Dec 31, 2015 | Common Shares | 1,576 | 0 | D |
| Employee Stock Option (right to buy)F2 | $3.32 | Sep 21, 2015 | D | 82,820 | D | — | Apr 29, 2025 | Common Shares | 82,820 | 0 | D |
| Employee Stock Option (right to buy)F3 | $3.06 | Sep 21, 2015 | D | 40,584 | D | — | Dec 5, 2024 | Common Shares | 40,584 | 0 | D |
Explanation of responses
- F1Each phantom share is the economic equivalent of one common share of Tecumseh Products Company. The phantom shares are settleable solely for cash.
- F2The option vested in three equal annual installments beginning on April 29, 2016.
- F3The option vested in three equal annual installments beginning on December 5, 2015.