Tower International, Inc. 4
4 · Tower International, Inc. · Filed May 2, 2017
Insider Transaction Report
Form 4
CHABRAJA NICHOLAS D
Director
Transactions
- Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-04-30+6,861.58→ 25,647.25 total - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-04-30+6,785.67→ 18,785.67 total - Exercise/Conversion
Common Stock, Par Value $0.01 Per Share
2017-04-30+7,656.17→ 33,303.42 total - Exercise/Conversion
Restricted Stock Units
2017-04-30−6,861.58→ 0 total→ Common Stock, Par Value $0.01 Per Share (6,861.58 underlying) - Exercise/Conversion
Restricted Stock Units
2017-04-30−7,656.17→ 0 total→ Common Stock, Par Value $0.01 Per Share (7,656.17 underlying) - Exercise/Conversion
Restricted Stock Units
2017-04-30−6,785.67→ 0 total→ Common Stock, Par Value $0.01 Per Share (6,785.67 underlying)
Footnotes (2)
- [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"). The number of RSUs shown includes dividend equivalent units ("DEUs") accrued as additional RSUs on the original grants of RSUs.
- [F2]Mr. Chabraja retired from the Company's Board of Directors effective April 30, 2017. These RSUs were granted under the Company's 2010 Equity Incentive Plan (the "Plan") and have vested. Pursuant to the Plan, shares of Common Stock will be issued in settlement of the vested RSUs within 10 days of Mr. Chabraja's retirement date. As previously reported, Mr. Chabraja also holds RSUs granted to him under the Plan on March 6, 2017 (the "March 2017 RSUs"), which are not included on this Form 4. Mr. Chabraja will be entitled to receive shares of Common Stock subject to the March 2017 RSUs, plus all related accrued DEUs, on March 6, 2018.