Filing Details

Accession Number:
0001144204-13-042980
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-08-05 16:02:32
Reporting Period:
2013-08-01
Filing Date:
2013-08-05
Accepted Time:
2013-08-05 16:02:32
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
1515093 James Bernard C/O Tower International, Inc.
17672 Laurel Park Dr. North, Suite 400E
Livonia MI 48152
President, Americas 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 2013-08-01 10,612 $11.71 10,612 No 4 M Direct
Common Stock, Par Value $0.01 Per Share Disposition 2013-08-01 10,612 $22.50 0 No 4 S Direct
Common Stock, Par Value $0.01 Per Share Acquisiton 2013-08-02 996 $11.71 996 No 4 M Direct
Common Stock, Par Value $0.01 Per Share Disposition 2013-08-02 996 $22.50 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Option (Right to Purchase) Disposition 2013-08-01 10,612 $0.00 10,612 $11.71
Common Stock Option (Right to Purchase) Disposition 2013-08-02 996 $0.00 996 $11.71
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
24,210 2022-03-06 No 4 M Direct
23,214 2022-03-06 No 4 M Direct
Footnotes
  1. This price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.50 to $22.515, inclusive. The reporting person undertakes to provide to Tower International, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
  2. 34,822 stock options were granted to the reporting person on March 6, 2012, of which 11,608 were vested prior to the transaction date.
  3. The remaining 23,214 stock options will vest ratably on March 6, 2014 and 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 Company's 2010 Equity Incentive Plan.