FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TENNANT CO [ TNC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 02/22/2013 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 02/22/2013 | A | 1,445(1) | A | $0 | 9,222 | D | |||
Common Stock | 02/25/2013 | M | 2,207 | A | $10.08 | 11,429 | D | |||
Common Stock | 02/25/2013 | S | 2,207 | D | $47.3395(2) | 9,222 | D | |||
Common Stock | 02/26/2013 | F | 507 | D | $45.73 | 8,715 | D | |||
Common Stock | 02/26/2013 | M | 4,457(3) | A | (3) | 13,172 | D | |||
Common Stock | 02/26/2013 | F | 1,458 | D | $45.73 | 11,714 | D | |||
Common Stock | 02/26/2013 | M | 8,900 | A | $10.08 | 20,614 | D | |||
Common Stock | 02/26/2013 | S | 8,900 | D | $45.8873(4) | 11,714 | D | |||
Common Stock | 2,678.2882 | I | ESOP & Profit Sharing |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Stock Option (right to buy) | $47.03 | 02/22/2013 | A | 6,914 | (5) | 02/22/2023 | Common Stock | 6,914 | $0.00 | 6,914 | D | ||||
Stock Option (right to buy) | $10.08 | 02/25/2013 | M | 2,207 | 02/27/2012 | 02/27/2019 | Common Stock | 2,207 | $0.00 | 8,900 | D | ||||
Deferred Stock Units - Short-Term Incentive Plan | (3) | 02/26/2013 | M | 4,457 | (3) | (3) | Common Stock | 4,457(3) | $24.21 | 0 | D | ||||
Stock Option (right to buy) | $10.08 | 02/26/2013 | M | 8,900 | 02/27/2012 | 02/27/2019 | Common Stock | 8,900 | $0.00 | 0 | D |
Explanation of Responses: |
1. Restricted stock grant made pursuant to the 2013 Long-Term Incentive Plan vesting on February 22, 2016. |
2. Reflects the weighted average price of 2,207 shares of Common Stock of Tennant Company sold by the reporting person in multiple transaction on February 25, 2013 with sale prices ranging from $47.00 to $47.628. 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. |
3. This is a payout of Deferred Stock Units granted Febraury 26, 2010, and are governed under the 2007 Stock Incentive Plan. Units were granted at a rate of $1.20 for each dollar of bonus earned. The units are pertaining to the 2009 Short-Term Incentive Plan, converted on a one-for-one basis and are to be settled in 100% Tennant Common Stock. The units themselves (3,526) vested at the time of the grant; the 20% premium (705 units) vested on February 26, 2013; and dividends were converted into additional Deferred Stock Units (226). |
4. Reflects the weighted average price of 8,900 shares of Common Stock of Tennant Company sold by the reporting person in multiple transaction on February 26, 2013 with sale prices ranging from $45.6027 to $46.26. 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. |
5. Options exercisable in one-third increments on each of February 22, 2014, February 22, 2015 and February 22, 2016. |
/s/ Amy M. Jensen on behalf of Andrew J. Eckert | 02/26/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |