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TIMKEN CO — Director's Dealing 2011
Feb 10, 2011
30986_dirs_2011-02-10_dff069c0-0b3f-4d0f-b927-546f210e512e.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: 2011-02-08
Reporting Person: TIMKEN WARD J JR (Director, Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-02-08 | Common Stock | M | 28000 | — | Acquired | 217261 | Direct |
| 2011-02-08 | Common Stock | F | 2888 | $49.60 | Disposed | 214373 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-02-08 | Performance Rights | $ | M | 28000 | Disposed | 2014-02-08 | Common Stock (28000) | Direct |
| 2011-02-08 | Nonqualified Stock Option (Right to Buy) | $49.91 | M | 106000 | Acquired | 2021-02-08 | Common Stock (106000) | Direct |
| 2011-02-08 | Performance Rights | $ | M | 17800 | Acquired | 2015-02-08 | Common Stock (17800) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 67049 | Indirect |
| Common Stock | 16688 | Indirect |
| Common Stock | 2810 | Indirect |
| Common Stock | 11955 | Indirect |
| Common Stock | 11255.00 | Indirect |
| Common Stock | 53000 | 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 Co-Trustee of the Ward J. Timken Trust FBO Grandchildren
F5: Reflects the accrual of contingent rights to receive shares of common stock which vest over a four year period under certain specified circumstnaces.
F6: 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 8, 2012, 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.