-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, F9BG/jhwiDBIlP9B3mHr0A4Mhguw+6bhL343UItqIgMzB3gHFgaKGYHTWH5pnlXr 5I5pimUUjNiQOn73sVcnBw== 0000950137-07-017486.txt : 20071119 0000950137-07-017486.hdr.sgml : 20071119 20071119172202 ACCESSION NUMBER: 0000950137-07-017486 CONFORMED SUBMISSION TYPE: SC TO-I/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20071119 DATE AS OF CHANGE: 20071119 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TENNECO INC CENTRAL INDEX KEY: 0001024725 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 760515284 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-49743 FILM NUMBER: 071257463 BUSINESS ADDRESS: STREET 1: 500 NORTH FIELD DRIVE CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 847-482-50 MAIL ADDRESS: STREET 1: 500 N FIELD DR STREET 2: ROOM T 2560B CITY: LAKE FOREST STATE: IL ZIP: 60045 FORMER COMPANY: FORMER CONFORMED NAME: TENNECO AUTOMOTIVE INC DATE OF NAME CHANGE: 19991112 FORMER COMPANY: FORMER CONFORMED NAME: NEW TENNECO INC DATE OF NAME CHANGE: 19961011 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TENNECO INC CENTRAL INDEX KEY: 0001024725 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 760515284 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC TO-I/A BUSINESS ADDRESS: STREET 1: 500 NORTH FIELD DRIVE CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 847-482-50 MAIL ADDRESS: STREET 1: 500 N FIELD DR STREET 2: ROOM T 2560B CITY: LAKE FOREST STATE: IL ZIP: 60045 FORMER COMPANY: FORMER CONFORMED NAME: TENNECO AUTOMOTIVE INC DATE OF NAME CHANGE: 19991112 FORMER COMPANY: FORMER CONFORMED NAME: NEW TENNECO INC DATE OF NAME CHANGE: 19961011 SC TO-I/A 1 c21722a4sctoviza.txt AMENDMENT TO TENDER OFFER SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- Amendment No. 4 to SCHEDULE TO (Rule 14d-100) TENDER OFFER STATEMENT UNDER SECTION 14(d)(1) OR SECTION 13(e)(1) OF THE SECURITIES EXCHANGE ACT OF 1934 TENNECO INC. (Name of Subject Company (Issuer) and Filing Person (Offeror)) OPTIONS TO PURCHASE SHARES OF COMMON STOCK, $.01 PAR VALUE (Title of Class Securities) 880349105 (CUSIP Number of Class of Securities Underlying Options to Purchase Common Stock) David Wardell Senior Vice President, General Counsel and Corporate Secretary Tenneco, Inc. 500 North Field Drive Lake Forest, IL 60045 (847) 482-5000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications on Behalf of Filing Persons) With a copy to: Jodi A. Simala Mayer, Brown, Rowe & Maw LLP 71 South Wacker Drive Chicago, IL 60606-4637 (312) 782-0600 CALCULATION OF FILING FEE
Transaction Valuation* Amount of Filing Fee - ---------------------- -------------------- $2,416,541 $74.19
- ----------- * Calculated solely for purposes of determining the filing fee. This amount assumes that options to purchase 99,324 shares of common stock of Tenneco Inc. having an aggregate value of $2,194,403 as of September 14, 2007 will be accepted for amendment pursuant to offer. The aggregate value of such options was calculated based on the Black-Scholes option pricing model. [ ] Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. Amount Previously Paid: $74.19 Filing Party: Tenneco Inc. Form or Registration No.: SC TO-I File No. 005-49743 Date Filed: September 25, 2007 [ ] Check the box if the filing relates solely to preliminary communications made before the commencement of a tender offer. Check the appropriate boxes below to designate any transactions to which the statement relates: [ ] third-party tender offer subject to Rule 14d-1. [X] issuer tender offer subject to Rule 13e-4. [ ] going-private transaction subject to Rule 13e-3. [ ] amendment to Schedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer: [ ] This Amendment No. 4 amends the Tender Offer Statement on Schedule TO (the "Statement") relating to an offer (the "Offer") by Tenneco Inc., a Delaware corporation (the "Company"), to amend certain options (the "Eligible Options") to purchase shares of the Company's common stock which were granted under the Company's Amended and Restated 2002 Long-Term Incentive Plan that: (i) have exercise prices per share that were less than the fair market value per share of the common stock underlying the option on the option's measurement date for financial accounting purposes, (ii) were unvested, either in whole or in part, as of December 31, 2004, and (iii) are outstanding (unexercised) as of the last date on which the Offer remains open for acceptance. Eligible employees are those employees of the Company or one of its subsidiaries as of the expiration date of the Offer who are subject to United States federal income taxes. The Offer is not being made to any of the Company's current or former executive officers or directors. This Amendment No. 4 is being filed to file as an exhibit to the Schedule TO an email to eligible employees discussing the current results of the tender offer and reminding them about the offering. Except as amended herein, all other terms of the Statement filed on September 25, 2007 and amended on October 3, 2007, October 18, 2007 and November 16, 2007 shall remain the same. Item 12 of the Schedule TO is hereby amended by adding Exhibit 99.(a)(l)(q) (Form of Additional Reminder Email to Eligible Employees Dated November 19, 2007). SIGNATURE After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this Schedule TO is true, complete and correct. TENNECO INC. /s/ David Wardell Name: David Wardell Title: Senior Vice President, General Counsel and Corporate Secretary Date: November 19, 2007 INDEX TO EXHIBITS Item 12 of the Schedule TO is hereby amended by adding Exhibit 99.(a)(l)(q) (Form of Additional Reminder Email to Eligible Employees Dated November 19, 2007).
EX-99.(A)(1)(Q) 2 c21722a4exv99wxayx1yxqy.txt ADDITIONAL REMINDER TO ELIGIBLE EMPLOYEES Exhibit (a)(1)(q) FORM OF ADDITIONAL REMINDER E-MAIL TO ELIGIBLE EMPLOYEES As outlined in an e-mail dated September 25, 2007 and in the documents mailed to you on September 25, 2007, recently enacted Internal Revenue Code Section 409A imposes certain adverse tax consequences (including income tax at vesting, an additional 20% tax and interest charges) on stock options that were granted at a discount from fair market value ("discount options") and which vest after December 31, 2004. Tenneco has determined that certain of your stock options may be affected by Section 409A because they were or may have been granted at a discount from fair market value. Tenneco has offered you the opportunity to avoid the adverse tax consequences of Section 409A by amending certain stock options and making certain cash payments. Note that we have extended the deadline for the tender offer to November 26, 2007 because we have received elections from employees representing 96,458 of the 99,324 eligible options and wish to give the remaining employees who have not made an election an additional opportunity to participate and accept the offer to avoid the adverse tax consequences of Section 409A. The details of Tenneco's offer to you are included in the documents mailed to you on September 25, 2007 and the other e-mails that we have sent to you regarding the offer to amend. For more information on how to participate in the offer you may contact: Rex Abercrombie, Vice President, Compensation & Benefits Tenneco Inc. 500 North Field Drive, Lake Forest, IL 60045 Phone: (847)482-5000
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