AI assistant
TENNANT CO — Director's Dealing 2007
Feb 28, 2007
31915_dirs_2007-02-27_10143e9a-cc41-4e83-8891-4381725b9637.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TENNANT CO (TNC)
CIK: 0000097134
Period of Report: 2007-02-23
Reporting Person: Eckert Andrew J (VP, NA Sales)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2007-02-23 | Common Stock | A | 387 | $31.16 | Acquired | 1573 | Direct |
| 2007-02-23 | Common Stock | M | 433 | $31.16 | Acquired | 2006 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2007-02-23 | Deferred Stock Units - Short Term Incentive Plan | $31.16 | A | 2437 | Acquired | Common Stock (2437) | Direct | |
| 2007-02-23 | Deferred Stock Units - Short-Term Incentive Plan | $ | D | 433 | Disposed | Common Stock (433) | Direct | |
| 2007-02-23 | Deferred Stock Unit - Short-Term Incentive Plan | $ | M | 433 | Disposed | Common Stock (433) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 1104.765 | Indirect |
Footnotes
F1: 2007 Unrestricted stock grant pursuant to the 2004 Long Term Incentive Plan
F2: These are Short Term Incentive Plan Annual Bonus Deferred Stock Units granted 2/23/2007, and governed under the 1999 Stock Incentive Plan. Units are granted at a rate of $1.20 for each dollar of bonus earned. The units are to be settled in 100% Tennant Common Stock. The units themselves vest at the time of the grant; the 20% premium vests three years after the grant. Dividends are converted into additional Deferred Stock Units and also vest three years after the grant.
F3: This is a payout of Short Term Incentive Plan Annual Bonus Deferred Stock Units granted 2/17/2004, and governed under the 1999 Stock Incentive Plan. Units were granted at a rate of $1.20 for each dollar of bonus earned. The units themselves vested at the time of the grant; the 20% premium vested three years after the grant in 2007. The payout was settled with 433 units converted to common stock and 433 units settled in cash. All amounts reflect the July 2006 stock split.