Filing Details

Accession Number:
0001127602-17-007404
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-02-21 16:33:28
Reporting Period:
2017-02-17
Filing Date:
2017-02-21
Accepted Time:
2017-02-21 16:33:28
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
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 2017-02-17 15,312 $13.00 15,312 No 4 M Direct
Common Stock, Par Value $0.01 Per Share Acquisiton 2017-02-17 44,688 $11.71 60,000 No 4 M Direct
Common Stock, Par Value $0.01 Per Share Disposition 2017-02-17 60,000 $28.07 0 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M 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 Stock Options (right To Purchase) Disposition 2017-02-17 15,312 $0.00 15,312 $13.00
Common Stock, Par Value $0.01 Per Share Stock Options (right To Purchase) Disposition 2017-02-17 44,688 $0.00 44,688 $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 Direct
0 2022-03-06 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock, Par Value $0.01 Per Share 79,822 Indirect As Trustee Of The Miljko Rajkovic Living Trust
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.25, 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. 45,938 stock options were granted to the reporting person on October 14, 2010, of which all (inclusive of previously reported exercises) were vested prior to the transaction date.
  3. The reporting person previously reported his stock options, including those referenced in this Form 4, as indirectly owned through the Miljko Rajkovic Living Trust. All of the reporting person's stock options are directly owned by the reporting person.
  4. 67,033 stock options were granted to the reporting person on March 6, 2012, of which all (inclusive of previously reported exercises) were vested prior to the transaction date.