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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
98537	Todd Shipyards Corp	TOD	Ship & Boat Building & Repairing (3730)	911506719

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1304139	L William Lewis	Po Box 3806 Seattle WA 98124		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Todd Shipyards Corp Common Stock	Acquisiton	2010-12-27	60	$22.53	16,663	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Todd stock settled appreciation rights	$16.98			2,000	2,000	Direct
Common Stock	Todd stock settled appreciation rights	$15.18			2,000	2,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	2,000	2,000	Direct
	2,000	2,000	Direct

Footnotes

This transaction was effected through a dividend reinvestment option offered by the reporting person's broker. The Company does not offer a dividend reinvestment plan.
Upon exercise of the SSARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $16.98, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.
One-third of the 2,000 SSARs vest each year on August 21 commencing in 2010 (through 2012).
Upon certain termination events, but no later than August 21, 2014.
Upon exercise of the SSARs, the holder is entitled to receive value equal to the number of rights being exercised times the then current fair market value reduced by $15.18, the fair market value on date of grant. Such value will be paid, net of withholding taxes, in shares of Todd Common Stock.
One-third of the 2,000 SSARs vest each year on August 20 commencing in 2011 (through 2013).
Upon certain termination events, but no later than August 20, 2015.