SEC Form 4 · accession 0001179110-15-016655
TENNANT CO · TNC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas Paulson
Officer — SVP, CFO
Period of report
Dec 21, 2015
Accepted (ET)
Dec 22, 2015 · 5:19 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000097134
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Dec 21, 2015 | M | 10,000 | $24.995 | A | 33,732 | D | |
| Common Stock | Dec 21, 2015 | M | 5,000 | $43.66 | A | 38,732 | D | |
| Common StockF2 | Dec 21, 2015 | S | 15,000 | $55.9858 | D | 23,732 | D | |
| Common Stock | holding | — | — | — | 1,845 | I | ESOP & Profit Sharing |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | $24.995 | Dec 21, 2015 | M | 10,000 | D | Mar 23, 2009 | Mar 23, 2016 | Common Stock | 10,000 | 0 | D |
| Stock Option (right to buy) | $43.66 | Dec 21, 2015 | M | 5,000 | D | Feb 24, 2015 | Feb 24, 2022 | Common Stock | 5,000 | 4,728 | D |
Explanation of responses
- F1The stock option exercises and sale reported in this From 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2015.
- F2Reflects the weighted average price of 15,000 shares of Common Stock of Tennant Company sold by the reporting person in multiple transactions on December 21, 2015 with sale prices ranging from $55.105 to $57.025. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.