Filing Details

Accession Number:
0001209191-11-047121
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-09-08 16:13:28
Reporting Period:
2011-09-06
Filing Date:
2011-09-08
Accepted Time:
2011-09-08 16:13:28
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
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
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 2011-09-06 6,649 $12.48 188,811 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date 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
Expiration Date Amount Remaning Holdings Nature of Ownership
22,703 22,703 Direct
254,156 254,156 Direct
100,227 100,227 Direct
Footnotes
  1. The price in Column 4 is a weighted average price. The prices actually paid by the reporting person ranged from $12.35 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.