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Filing Details

Accession Number:: 0001140361-10-048663
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-12-07 17:04:54
Reporting Period:: 2010-12-06

Filing Date:: 2010-12-07
Accepted Time:: 2010-12-07 17:04:54
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 Dr. North, Suite 400E Livonia MI 48152	Evp & Coo	No	Yes	No	No

Reported Non-Derivative Transactions

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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	2010-12-06	20,000	$15.84	20,000	No	4	P	Indirect	As trustee of the Miljko Rajkovic Living Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	As trustee of the Miljko Rajkovic Living Trust

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Stock Options (right to buy)	$13.00		2020-10-14	45,938	45,938	Direct
Common Stock	Restricted Stock Units	$0.00			338,875	338,875	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2020-10-14	45,938	45,938	Direct
	338,875	338,875	Direct

Footnotes

The price in Column 4 is a weighted average price. The prices actually received ranged from $15.7299 to $15.932. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares purchased at each price within the range for all transactions reported in this Form 4 utilizing a weighted average price.
These stock options will vest ratably on March 1, 2012, March 1, 2013 and 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").
Each restricted stock unit (collectively, the "RSUs") represents a contingent right to receive one share of the common stock, par value $0.01 per share (the "Common Stock"), of the Company.
Fifty percent (50%) of the RSUs vest nine months after the consummation of the Company's initial public offering (the "First Vesting Date") and the balance of the RSUs will vest eighteen months after the consummation of the Company's initial public offering (the "Second Vesting Date"); provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Plan; provided further, however, that if the Company terminates the reporting person's employment for any reason other than for "cause," as defined in the Plan, or the reporting person's employment terminates due to death or disability, (Continued in Footnote 4)
(a) if the non-cause termination event occurs prior to the First Vesting Date, 50% of the RSUs will vest on the earlier to occur of (i) the First Vesting Date and (ii) December 31 of the calendar year during which such non-cause termination occurs, and (b) if the non-cause termination event occurs after the First Vesting Date but before the Second Vesting Date, 100% of the RSUs will vest on the earlier to occur of (i) the Second Vesting Date and (ii) December 31 of the calendar year during which such non-cause termination occurs.