0000899243-15-005195.txt : 20150922 0000899243-15-005195.hdr.sgml : 20150922 20150922162848 ACCESSION NUMBER: 0000899243-15-005195 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20150921 FILED AS OF DATE: 20150922 DATE AS OF CHANGE: 20150922 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TECUMSEH PRODUCTS CO CENTRAL INDEX KEY: 0000096831 STANDARD INDUSTRIAL CLASSIFICATION: AIR COND & WARM AIR HEATING EQUIP & COMM & INDL REFRIG EQUIP [3585] IRS NUMBER: 381093240 STATE OF INCORPORATION: MI FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5683 HINES DRIVE CITY: ANN ARBOR STATE: MI ZIP: 48108 BUSINESS PHONE: 7345859500 MAIL ADDRESS: STREET 1: 5683 HINES DRIVE CITY: ANN ARBOR STATE: MI ZIP: 48108 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KARP HAROLD M CENTRAL INDEX KEY: 0001249544 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-36417 FILM NUMBER: 151119611 MAIL ADDRESS: STREET 1: ONE MEADOWLAND PLZ CITY: E RUTHERFORD STATE: NJ ZIP: 07073 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2015-09-21 1 0000096831 TECUMSEH PRODUCTS CO TECU 0001249544 KARP HAROLD M 5683 HINES DRIVE ANN ARBOR MI 48108 1 1 0 0 President and CEO Common Shares 2015-09-21 4 U 0 16718 5.00 D 0 D Employee Stock Option (right to buy) 3.32 2015-09-21 4 D 0 106292 1.68 D 2025-04-29 Common Shares 106292 0 D Employee Stock Option (right to buy) 3.06 2015-09-21 4 D 0 106292 1.94 D 2024-12-05 Common Shares 106292 0 D Deferred Stock Units 2015-09-21 4 D 0 1742.069 5.00 D Common Shares 1742.069 0 D The option vested in three equal annual installments beginning on April 29, 2016. The option vested in three equal annual installments beginning on December 5, 2015. Deferred stock units are the economic equivalent one common share (one share of Class A common stock before the Company's 2014 recapitalization). Each deferred stock unit is fully vested when made, except that a director will forfeit his or her Account if the director's service on the Board is terminated, voluntarily or involuntarily, for any "Reason" as defined in the Company's Outside Directors' Deferred Stock Unit Plan (generally breach of policies, failure to perform duties, conviction of various crimes, embezzlement or materially injuring the Company). The deferred stock units were originally to be paid out of the Director's Account in cash within 30 days after the earlier of a Company change in Control (as defined in the plan) or the date he or she ceases to be a non-employee director for any reason. In connection with the Company's merger, deferred stock units were cancelled in exchange for payment of the merger consideration in cash. Harold M. Karp 2015-09-22