TENNANT CO — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TENNANT CO (TNC)
CIK: 0000097134
Period of Report: 2011-02-25

Reporting Person: Wilson Heidi M (VP, General Counsel and Sec'y)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	A	1284	—	Acquired	9680.683	Direct
2011-03-01	Common Stock	M	702	—	Acquired	10382.683	Direct
2011-03-01	Common Stock	F	230	$40.65	Disposed	10152.683	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Stock Option (right to buy)	$40.21	A	6215	Acquired	2021-02-25	Common Stock (6215)	Direct
2011-03-01	Deferred Stock Units - Short-Term Incentive Plan	$	M	702	Disposed		Common Stock (702)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3166.6893	Indirect

Footnotes

F1: Restricted stock grant made pursuant to the 2011 Long-Term Incentive Plan vesting on February 25, 2014.

F2: This number takes into account the current transaction reported, plus 336.683 shares previously acquired under the dividend reinvestment plan and a previous calculation error of 1 share.

F3: This is a payout of Short Term Incentive Plan Annual Bonus Deferred Stock Units granted Febraury 29, 2008, and are governed under the 2007 Stock Incentive Plan. Units were granted at a rate of $1.20 for each dollar of bonus earned. The units are converted on a one-for-one basis and are to be settled in 100% Tennant Common Stock. The units themselves (550) vested at the time of the grant; the 20% premium (110 units) vested on March 1, 2011 and dividends were converted into additional Deferred Stock Units (42).

F4: Options exercisable in one-third increments on each of February 25, 2012, February 25, 2013 and February 25, 2014.