Filing Details
- Accession Number:
- 0001127602-14-025933
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-08-19 16:48:06
- Reporting Period:
- 2014-08-15
- Filing Date:
- 2014-08-19
- Accepted Time:
- 2014-08-19 16:48:06
- 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 | Acquisiton | 2014-08-15 | 996 | $0.00 | 996 | No | 4 | M | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2014-08-15 | 315 | $34.08 | 681 | No | 4 | F | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-08-15 | 5,542 | $16.65 | 5,542 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-08-15 | 7,076 | $14.81 | 12,618 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2014-08-15 | 12,618 | $34.03 | 0 | No | 4 | S | Direct | |
| Common Stock, Par Value $0.01 Per Share | Acquisiton | 2014-08-18 | 5,600 | $14.81 | 5,600 | No | 4 | M | Direct | |
| Common Stock, Par Value $0.01 Per Share | Disposition | 2014-08-18 | 5,600 | $34.21 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
| No | 4 | F | Indirect | By James S. Bernard Living Trust Dated 11/10/2010 |
| No | 4 | M | Direct | |
| 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, Par Value $0.01 Per Share | Restricted Stock Units | Disposition | 2014-08-15 | 996 | $0.00 | 996 | $0.00 |
| Common Stock, Par Value $0.01 Per Share | Stock Options (Right to Buy) | Disposition | 2014-08-15 | 5,542 | $0.00 | 5,542 | $16.65 |
| Common Stock, Par Value $0.01 Per Share | Stock Options (Right to Buy) | Disposition | 2014-08-15 | 7,076 | $0.00 | 7,076 | $14.81 |
| Common Stock, Par Value $0.01 Per Share | Stock Options (Right to Buy) | Disposition | 2014-08-18 | 5,600 | $0.00 | 5,600 | $14.81 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | 2021-03-03 | No | 4 | M | Direct | |
| 5,600 | 2021-08-15 | No | 4 | M | Direct | |
| 0 | 2021-08-15 | No | 4 | M | Direct |
Footnotes
- 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 Tower International, Inc. (the "Company").
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 to $34.08, inclusive. The reporting person undertakes to provide to 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.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.00 to $34.38, inclusive. The reporting person undertakes to provide to 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.
- On August 15, 2014, the remaining one third of the 2,988 RSUs originally granted to the reporting person on August 15, 2011 vested. The RSUs had no expiration date.
- The reporting person previously reported his RSUs and stock options, including those referenced in this Form 4, as indirectly owned through the James S. Bernard Living Trust Dated 11/10/2010. All of the reporting person's RSUs and stock options are directly owned by the reporting person.
- 5,542 stock options were granted to the reporting person on March 10, 2011, of which all were vested prior to the transaction date.
- 12,676 stock options were granted to the reporting person on August 15, 2011, of which all were vested prior to the transaction date.
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