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TIMKEN CO — Director's Dealing 2008
Feb 6, 2008
30986_dirs_2008-02-06_fa06beb1-41e2-4f44-89c6-a097f45db4c3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TIMKEN CO (TKR)
CIK: 0000098362
Period of Report: 2008-02-04
Reporting Person: TIMKEN WARD J JR (Director, Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-02-04 | Common Stock | A | 17800 | $0.00 | Acquired | 109937 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2008-02-04 | Nonqualfied Stock Option (Right to Buy) | $30.70 | A | 127000 | Acquired | 2018-02-04 | Common Stock (127000) | Direct |
| 2008-02-04 | Dividend Equivalent Rights | $0.00 | A | 713 | Acquired | 2011-12-31 | Common Stock (713) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 67049 | Indirect |
| Common Stock | 14598 | Indirect |
| Common Stock | 2810 | Indirect |
| Common Stock | 6155 | Indirect |
| Common Stock | 5455 | Indirect |
| Common Stock | 53000 | Indirect |
| Common Stock | 48048 | Indirect |
| Common Stock | 6000 | Indirect |
Footnotes
F1: By self as sole manager of the WJ Timken Jr Family, LLC. Members of the LLC include the reporting person, immediate family members and trusts for the benefit of immediate family members.
F2: DISCLAIMER: Undersigned disclaims all beneficial ownership
F3: By self as Co-Trustee and beneficiary of the Ward J. Timken Trust FBO Ward J. Timken, Jr.
F4: By self as beneficiary of the WR Timken Trust IX FBO Ward J. Timken, Jr.
F5: By self as Co-Trustee of the Ward J. Timken Trust FBO Grandchildren
F6: Grant of restricted shares is subject to the company's financial performance in 2008 and further subject to vesting in 25 percent annual increments beginning February 4, 2009.
F7: Nonqualified stock option with limited transferability granted pursuant to The Timken Company Long-Term Incentive Plan. Option becomes exercisable in annual 25 percent increments beginning February 4, 2009, the anniversary of the date of the grant. Option becomes fully exercisable upon the occurrence of a change in control of the Company or other similar event.
F8: The Security converts to Common Stock on a one for one basis.
F9: Reflects the accrual of contingent rights to receive shares of common stock which vest on December 31, 2011 or under certain specified circumstances.