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: Eckert Andrew J (Vice President, The Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	A	1505	—	Acquired	8603	Direct
2011-03-01	Common Stock	M	2236	—	Acquired	10839	Direct
2011-03-01	Common Stock	F	732	$40.65	Disposed	10107	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	7282	Acquired	2021-02-25	Common Stock (7282)	Direct
2011-02-25	Deferred Stock Units - Short-Term Incentive Plan	$	A	2375	Acquired		Common Stock (2375)	Direct
2011-03-01	Deferred Stock Units - Short-Term Incentive Plan	$	M	2236	Disposed		Common Stock (2236)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2598.046	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 142 shares previously acquired under the dividend reinvestment plan.

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 (1,751) vested at the time of the grant; the 20% premium (350 units) vested on March 1, 2011 and dividends were converted into additional Deferred Stock Units (135).

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

F5: These are Short Term Incentive Plan Annual Bonus Deferred Stock Units granted Febraury 25, 2011, and are governed under the 2010 Stock Incentive Plan. Units were granted at a rate of $1.20 for each dollar of bonus earned. The units will convert on a one-for-one basis and are to be settled in 100% Tennant Common Stock. The units themselves vest at the time of the grant; the 20% premium vests on February 25, 2014. Dividends will be converted into additional Deferred Stock Units.