Filing Details

Accession Number:
0001144204-13-027115
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-05-08 16:58:57
Reporting Period:
2013-05-06
Filing Date:
2013-05-08
Accepted Time:
2013-05-08 16:58:57
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
1258325 C James Gouin C/O Tower International, Inc.
17672 Laurel Park Drive North, Ste 400E
Livonia MI 48152
Evp & Cfo 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 18,793 $13.00 167,750 No 4 M Direct
Common Stock, Par Value $0.01 Per Share Acquisiton 2013-05-06 13,712 $11.71 181,462 No 4 M Direct
Common Stock, Par Value $0.01 Per Share Disposition 2013-05-06 18,793 $18.38 162,669 No 4 S Direct
Common Stock, Par Value $0.01 Per Share Disposition 2013-05-06 13,712 $18.38 148,957 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 S Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Purchase) Disposition 2013-05-06 18,793 $0.00 18,793 $13.00
Common Stock Stock Option (Right to Purchase) Disposition 2013-05-06 13,712 $0.00 13,712 $11.71
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
9,396 2020-10-14 No 4 M Direct
27,422 2022-03-06 No 4 M Direct
Footnotes
  1. 28,189 stock options were granted to the reporting person on October 14, 2010, of which 18,793 were vested prior to the transaction date.
  2. 41,134 stock options were granted to the reporting person on March 6, 2012, of which 13,712 were vested prior to the transaction date.
  3. The remaining 9,396 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 27,422 stock options from this grant will vest 13,711 shares on March 6, 2014 and 13,711 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.