TENNANT CO — Director's Dealing 2008

Mar 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TENNANT CO (TNC)
CIK: 0000097134
Period of Report: 2008-02-14

Reporting Person: DYBSKY THOMAS (VP, Administration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-14	Common Stock	F	475	$33.90	Disposed	2172	Direct
2008-02-23	Common Stock	F	19	$33.61	Disposed	2153	Direct
2008-02-29	Common Stock	A	333	$36.02	Acquired	2486	Direct
2008-02-29	Common Stock	A	3722	$36.02	Acquired	6208	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-29	Deferred Stock Units	$36.02	A	2779	Acquired		Common Stock (2779)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1582.702	Indirect

Footnotes

F1: Tax forfeiture from restricted stock grant of February 15, 2006, vesting on February 14, 2008.

F2: Tax forfeiture from Restricted Stock Grant pursuant to the 2006 Short-Term Incentive Plan, vesting 50% on February 23, 2008 and 50% on February 23, 2009.

F3: 2008 Restricted Stock grant vesting on December 31, 2009.

F4: 2008 unrestricted stock grant pursuant to the 2005 Long-Term Incentive Plan.

F5: These are Short Term Incentive Plan Annual Bonus Deferred Stock Units granted 2/28/2008, and governed under the 2007 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.