Tower International, Inc. 4
4 · Tower International, Inc. · Filed Mar 8, 2017
Insider Transaction Report
Form 4
Cook William
SVP, Global Human Resources
Transactions
- Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-03-06+821.18→ 5,614.17 total - Tax Payment
Common Stock, Par Value $0.01 Per Share
2017-03-06$28.20/sh−244.54$6,896→ 4,370.99 total - Tax Payment
Common Stock, Par Value $0.01 Per Share
2017-03-06$28.20/sh−246.72$6,958→ 4,792.99 total - Tax Payment
Common Stock, Par Value $0.01 Per Share
2017-03-06$28.20/sh−298.18$8,409→ 5,315.99 total - Exercise/Conversion
Restricted Stock Units
2017-03-06−661.53→ 0 total→ Common Stock, Par Value $0.01 Per Share (661.53 underlying) - Exercise/Conversion
Restricted Stock Units
2017-03-06−821.18→ 1,642.35 total→ Common Stock, Par Value $0.01 Per Share (821.18 underlying) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-03-06+661.53→ 4,615.53 total - Exercise/Conversion
Restricted Stock Units
2017-03-06−668.72→ 668.72 total→ Common Stock, Par Value $0.01 Per Share (668.72 underlying) - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-03-06+668.72→ 5,039.71 total - Award
Restricted Stock Units
2017-03-06+1,997→ 1,997 total→ Common Stock, Par Value $0.01 Per Share (1,997 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, 2018, March 6, 2019, and March 6, 2020; 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 6, 2014, 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, 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 on 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.
- [F5]One-third of the RSUs originally granted to the reporting person on March 4, 2016, 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, 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 Plan, or if the reporting person's employment terminates due to death or disability. There is no expiration date.