XLON:TEN Insider Activity 4 Filing - 3/13/2012

Effective Date 3/13/2012

XLON:TEN (): Fair Value Estimate
Premium
XLON:TEN (): Consider Buying
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XLON:TEN (): Consider Selling
Premium
XLON:TEN (): Fair Value Uncertainty
Premium
XLON:TEN (): Economic Moat
Premium
XLON:TEN (): Stewardship
Premium
 
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
JACKSON TIMOTHY E
  2. Issuer Name and Ticker or Trading Symbol
TENNECO INC [TEN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Sr VP & Ch. Technology Officer
(Last)
(First)
(Middle)
500 NORTH FIELD DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
03/13/2012
(Street)

LAKE FOREST, IL 60045
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 03/13/2012   M(1)   15,000 A $3.77 102,337 D  
Common Stock 03/13/2012   M(1)   2,500 A $21.19 104,837 D  
Common Stock 03/13/2012   S(1)   17,500 D $38.78(2) 87,337 D  
Common Stock               8,231(3) D  
Common Stock               4,326(4) I By 401(K)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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 Underlying Securities
(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 of Derivative Security: 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
Employee Stock Options (Right to Buy) $3.77 03/13/2012   M     15,000   (5) 01/20/2013 Common Stock 15,000 (7) 15,000 D  
Employee Stock Options (Right to Buy) $21.19 03/13/2012   M     2,500   (6) 01/15/2013 Common Stock 2,500 (7) 2,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
JACKSON TIMOTHY E
500 NORTH FIELD DRIVE
LAKE FOREST, IL 60045
      Sr VP & Ch. Technology Officer  

Signatures

 /s/James D. Harrington, Attorney-in-fact for Timothy E. Jackson   03/15/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reflects cashless exercise of stock options which were granted pursuant to Rule 16b-3.
(2) The Common Stock reported herein as being sold were sold at a range of between $38.70 and $38.82 per share. The sale price reported above represents the weighted average sale price for the reported transaction and has been rounded to the nearest cent.
(3) Reflects restricted stock granted to the Reporting Person pursuant to Rule 16b-3.
(4) Reflects shares allocated to, and indirectly held by, the Reporting Person under the Issuer's 401(k) Plan.
(5) The options vested in three equal installments on January 21, 2004, January 21, 2005 and January 21, 2006.
(6) The options vested in three equal installments on January 16, 2007, January 16, 2008 and January 16, 2009.
(7) Reflects stock options granted pursuant to Rule 16b-3.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XLON:TEN Insider Activity 4 Filling

XLON:TEN Stock - Get Insider Activity SEC Filing of XLON:TEN stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XLON:TEN Insider Activity 4 Filing - 3/13/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Company |  Symbol |  Interest |  Popularity

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