4//SEC Filing
Tower International, Inc. 4
Accession 0001127602-16-045576
CIK 0001485469operating
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 5:57 PM ET
Size
23.3 KB
Accession
0001127602-16-045576
Insider Transaction Report
Form 4
Bernard James
SVP, Sales & Business Dev.
Transactions
- Tax Payment
Common Stock, Par Value $0.01 Per Share
2016-03-06$23.59/sh−737.35$17,394→ 6,310 total(indirect: By Trust) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2016-03-06+1,156.11→ 8,246.11 total(indirect: By Trust) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2016-03-06+2,329.35→ 7,047.35 total(indirect: By Trust) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2016-03-06+1,143→ 7,453 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
2016-03-06−1,156.11→ 2,311.21 total→ Common Stock, Par Value $0.01 Per Share (1,156.11 underlying) - Tax Payment
Common Stock, Par Value $0.01 Per Share
2016-03-06$23.59/sh−363$8,563→ 7,090 total(indirect: By Trust) - Tax Payment
Common Stock, Par Value $0.01 Per Share
2016-03-06$23.59/sh−367.11$8,660→ 7,879 total(indirect: By Trust) - Award
Restricted Stock Units
2016-03-04+4,256→ 4,256 total→ Common Stock, Par Value $0.01 Per Share (4,256 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-06−2,329.35→ 0 total→ Common Stock, Par Value $0.01 Per Share (2,329.35 underlying) - Exercise/Conversion
Restricted Stock Units
2016-03-06−1,143→ 1,143.01 total→ Common Stock, Par Value $0.01 Per Share (1,143 underlying)
Footnotes (5)
- [F1]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").
- [F2]These RSUs will vest ratably on March 6, 2017, March 6, 2018, and March 6, 2019; 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.
- [F3]The final one-third of the RSUs originally granted to the reporting person on March 5, 2013, including the dividend equivalent units (DEUs) accrued as additional RSUs in respect thereof, vested. The RSUs had no expiration date.
- [F4]One-third of the RSUs originally granted to the reporting person on March 6, 2014, including a proportional amount of the DEUs accrued as additional RSUs in respect thereof, vested. The balance of the RSUs (including such proportional amount of the DEUs accrued in respect thereof), will vest on March 6, 2017; 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, or if the reporting person's employment terminates due to death or disability. There is no expiration date.
- [F5]One-third of the RSUs originally granted to the reporting person on March 6, 2015, including a proportional amount of the DEUs accrued as additional RSUs in respect thereof, vested. The balance of the RSUs (including such proportional amount of the DEUs accrued in respect thereof), will vest ratably on March 6, 2017 and March 6, 2018; 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, or if the reporting person's employment terminates due to death or disability. There is no expiration date.
Documents
Issuer
Tower International, Inc.
CIK 0001485469
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001485469
Filing Metadata
- Form type
- 4
- Filed
- Mar 7, 7:00 PM ET
- Accepted
- Mar 8, 5:57 PM ET
- Size
- 23.3 KB