Filing Details
- Accession Number:
- 0001144204-14-027943
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-05-06 17:55:08
- Reporting Period:
- 2014-05-02
- Filing Date:
- 2014-05-06
- Accepted Time:
- 2014-05-06 16:55:08
- 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 | 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 | Disposition | 2014-05-02 | 4,571 | $28.50 | 0 | No | 4 | S | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-05-02 | 6,364 | $13.00 | 6,364 | No | 4 | M | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-05-02 | 11,608 | $11.71 | 17,972 | No | 4 | M | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
Common Stock, Par Value $0.01 Per Share | Disposition | 2014-05-02 | 17,972 | $28.52 | 0 | No | 4 | S | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
No | 4 | M | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
No | 4 | M | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
No | 4 | S | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | Stock Option (Right to Purchase) | Disposition | 2014-05-02 | 6,364 | $0.00 | 6,364 | $13.00 |
Common Stock | Stock Option (Right to Purchase) | Disposition | 2014-05-02 | 11,608 | $0.00 | 11,608 | $11.71 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
0 | 2020-10-14 | No | 4 | M | Indirect | |
11,606 | 2022-03-06 | No | 4 | M | Indirect |
Footnotes
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.50 to $28.60, 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.
- 6,364 stock options were granted to the reporting person on October 14, 2010, of which all were vested prior to the transaction date.
- 34,822 stock options were granted to the reporting person on March 6, 2012, of which 23,216 (inclusive of previously reported exercises) were vested prior to the transaction date.
- The remaining 11,606 stock options will vest 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 Company's 2010 Equity Incentive Plan.