TENNANT CO — Director's Dealing 2020

Feb 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TENNANT CO (TNC)
CIK: 0000097134
Period of Report: 2020-02-03

Reporting Person: KILLINGSTAD CHRIS (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-03	Common Stock	M	12839	$24.21	Acquired	168004	Direct
2020-02-03	Common Stock	S	10989	$76.959	Disposed	157015	Direct
2020-02-03	Common Stock	S	1850	$77.7016	Disposed	155165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-03	Employee Stock Option (right to buy)	$24.21	M	12839	Disposed	2020-02-26	Common Stock (12839)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3746.34	Indirect

Footnotes

F1: The stock option exercise and sale transactions reported on this form are program transactions pursuant to a Rule 10b5-1 plan, which was adopted by the reporting person on May 7, 2019.

F2: Reflects the weighted average price of 10,989 shares of common stock of Tennant Company sold by the reporting person in multiple transactions on February 3, 2020 with sale prices ranging from $76.54 to $77.52 per share. 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.

F3: Reflects the weighted average price of 1,850 shares of common stock of Tennant Company sold by the reporting person in multiple transactions on February 3, 2020 with sale prices ranging from $77.55 to $78.05 per share. 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.

F4: Fully vested.