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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1072847	Tower Financial Corp	TOFC	State Commercial Banks (6022)	352051170

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1195948	E Keith Busse	7575 W. Jefferson Blvd. Fort Wayne IN 46804		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
Common Stock	Acquisiton	2010-10-12	22,000	$7.00	444,380	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	Series A Convertible Preferred Stock	$6.02	2009-09-25		83,056	5,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	83,056	5,000	Direct

Footnotes

Reflects a purchase by the reporting person from an entity the shareholdings of which were previously already included, as indirectly held shares, in Mr. Busse's aggregate holdings, despite the fact that Mr. Busse neither holds sole nor shared voting or dispositive power over, and, therefore, disclaims any beneficial interest in any of that entity's shares. The sole effect of the transaction is to now reflect the 22,000 share as shares held directly by Mr. Busse. Aggregate reported holdings, both direct and indirect, remain the same.
The Series A preferred stock has no expiration date; however, Tower Financial Corp has the right to call the shares on or after September 25, 2012 and until September 24, 2013 at 110% of par, after September 25, 2013 and until September 24, 2014 at 105% of par, and at par after September 25, 2014.