X0303 4 2010-07-01 0 0000098537 TODD SHIPYARDS CORP TOD 0001368464 DODGE BERGER A P.O. BOX 3806 SEATTLE WA 98124 0 1 0 0 Chief Financial Officer Todd Shipyards Corp Common 2010-07-01 4 M 0 360 A 6120 D Todd Shipyards Corp Common 2010-07-01 4 M 0 360 A 6480 D Todd Shipyards Corp Common 2010-07-06 4 M 0 1600 A 8080 D Todd Shipyards Corp Common 2010-07-06 4 M 0 300 A 8380 D Todd stock appreciation rights 21.02 2012-07-06 Common Stock 3000 3000 D Todd restricted stock units 2010-07-06 4 M 0 1600 D Common Stock 1600 1600 D Todd stock appreciation rights 14.48 2013-07-01 Common Stock 3000 3000 D Todd restricted stock units 2010-07-06 4 M 0 300 D Common Stock 300 600 D Todd stock appreciation rights 16.98 2014-07-01 Common Stock 3000 3000 D Todd restricted stock units 2010-07-01 4 M 0 360 D Common Stock 360 1080 D Todd restricted stock units 2010-07-01 4 M 0 360 D Common Stock 360 1440 D Todd stock appreciation rights 14.55 2015-07-01 Common Stock 3000 3000 D Todd restricted stock units Common Stock 1800 1800 D Received upon vesting/conversion of restricted stock units previously awarded under Incentive Stock Plan. No consideration was paid to Todd either at time of award or at time of conversion. The SARs vest as to 1,000 units on each July 6 commencing in 2008 (through 2010). Upon certain termination events, earlier as to non-vested units. Each RSU represents the right to receive one share of Todd Common Stock, subject to adjustment as provided in the grant agreement. The RSUs vest and convert to Todd Common Stock as to 1,600 units each July 6 commencing in 2007 (through 2011). Granted under the Todd Shipyards Incentive Stock Plan. The SARs vest as to 1,000 units each July 1 commencing in 2009 (through 2011). The RSUs vest and convert to Todd Common Stock as to 300 units each July 6 commencing in 2008 (through 2012). The SARs vest as to 1,000 units on each July 1 commencing in 2010 (through 2012). The RSUs vest and convert to Todd Common Stock as to 360 units each July 1 commencing in 2009 (through 2013). The RSUs vest and convert to Todd Common Stock as to 360 units each July 1 commencing in 2010 (through 2014). The SARs vest as to 1,000 units each July 1 commencing in 2011 (through 2013). The RSUs vest and convert to Todd Common Stock as to 360 units on each July 1 commencing in 2011 (through 2015). Berger A. Dodge 2010-07-06