Filing Details
- Accession Number:
- 0001144204-13-027108
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-05-08 16:56:40
- Reporting Period:
- 2013-05-06
- Filing Date:
- 2013-05-08
- Accepted Time:
- 2013-05-08 16:56:40
- SEC Url:
- Form 4 Filing
Issuer
Cik | Name | Symbol | Sector (SIC) | IRS No |
---|---|---|---|---|
1485469 | Tower International Inc. | TOWR | Motor Vehicle Parts & Accessories (3714) | 208879584 |
Insiders
Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
---|---|---|---|---|---|---|---|
1491663 | Michael Rajkovic | C/O Tower International, Inc. 17672 Laurel Park Drive North, Ste 400E Livonia MI 48152 | Evp & Coo | No | Yes | 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, Par Value $0.01 Per Share | Acquisiton | 2013-05-06 | 30,626 | $13.00 | 265,355 | No | 4 | M | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
Common Stock, Par Value $0.01 Per Share | Acquisiton | 2013-05-06 | 22,345 | $11.71 | 287,700 | No | 4 | M | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
Common Stock, Par Value $0.01 Per Share | Disposition | 2013-05-06 | 30,626 | $18.39 | 257,074 | No | 4 | S | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
Common Stock, Par Value $0.01 Per Share | Disposition | 2013-05-06 | 22,345 | $18.38 | 234,729 | No | 4 | S | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
No | 4 | M | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
No | 4 | S | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
No | 4 | S | Indirect | As Trustee of the Miljko Rajkovic Living Trust |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Stock Options (Right to Purchase) | Disposition | 2013-05-06 | 30,626 | $0.00 | 30,626 | $13.00 |
Common Stock | Stock Options (Right to Purchase) | Disposition | 2013-05-06 | 22,345 | $0.00 | 22,345 | $11.71 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
15,312 | 2020-10-14 | No | 4 | M | Indirect | |
44,688 | 2022-03-06 | No | 4 | M | Indirect |
Footnotes
- 45,938 stock options were granted to the reporting person on October 14, 2010, of which 30,626 were vested prior to the transaction date.
- 67,033 stock options were granted to the reporting person on March 6, 2012, of which 22,345 were vested prior to the transaction date.
- The remaining 15,312 stock options will vest on March 1, 2014; provided, however, that such stock options will also vest in full upon the occurrence of a "change in control" of Tower International, Inc. (the "Company"), as defined in the Tower International, Inc. 2010 Equity Incentive Plan (the "Plan").
- The remaining 44,688 stock options from this grant will vest 22,344 shares on March 6, 2014 and 22,344 shares on March 6, 2015; provided, however, that such stock options will also vest in full upon the occurrence of a "change in control" of the Company, as defined in the Plan.