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
  1. 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.
  2. 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.
  3. 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").
  4. 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.