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Filing Details

Accession Number:: 0001209191-11-047464
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-09-12 13:00:00
Reporting Period:: 2011-09-08

Filing Date:: 2011-09-12
Accepted Time:: 2011-09-12 16:11:33
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
1491662	Mark Malcolm	C/O Tower International, Inc. 17672 Laurel Park Drive North, Ste 400E Livonia MI 48152	President & Ceo	Yes	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	2011-09-08	2,294	$12.50	191,105	No	4	P	Direct
Common Stock , Par Value $0.01 Per Share	Acquisiton	2011-09-08	10,808	$12.27	201,913	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct
No	4	P	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Restricted Stock Units	$0.00	22,703	22,703	Direct
Common Stock	Restricted Stock Units	$0.00	254,156	254,156	Direct
Common Stock	Stock Options (right to buy)	$13.00	100,227	100,227	Direct

Amount	Remaning Holdings	Nature of Ownership
22,703	22,703	Direct
254,156	254,156	Direct
100,227	100,227	Direct

Footnotes

The price in Column 4 is a weighted average price. The prices actually paid by the reporting person ranged from $12.48 to $12.50. The reporting person has provided to Tower International, Inc. (the "Company") and will provide to any security holder of the Company, or the Securities and Exchange Commission staff, upon request, full 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.
The price in Column 4 is a weighted average price. The prices actually paid by the reporting person ranged from $12.13 to $12.50. The reporting person has provided to the Company and will provide to any security holder of the Company, or the Securities and Exchange Commission staff, upon request, full 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.
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.
These RSUs will vest ratably on March 1, 2012, March 1, 2013 and March 1, 2014; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Tower International, Inc. 2010 Equity Incentive Plan (the "Plan"), or if the reporting person's employment terminates due to death or disability. There is no expiration date.
These 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, such unvested 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.
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 the Company, as defined in the Plan.