4//SEC Filing
Flynn Mark R. 4
Accession 0001127602-19-029212
CIK 0001485469other
Filed
Sep 29, 8:00 PM ET
Accepted
Sep 30, 11:37 AM ET
Size
10.4 KB
Accession
0001127602-19-029212
Insider Transaction Report
Form 4
Flynn Mark R.
SVP, Global Human Resources
Transactions
- Disposition to Issuer
Restricted Stock Units
2019-09-30−2,338.62→ 0 total→ Common Stock, Par Value $0.01 Per Share (2,338.62 underlying) - Disposition to Issuer
Restricted Stock Units
2019-09-30−3,577.07→ 0 total→ Common Stock, Par Value $0.01 Per Share (3,577.07 underlying) - Disposition from Tender
Common Stock, Par Value $0.01 Per Share
2019-09-30−766→ 0 total
Footnotes (3)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of July 12, 2019, by and among Tower International, Inc., a Delaware corporation (the "Company"), Autokiniton US Holdings, Inc., a Delaware corporation ("Parent"), and Tiger Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub was merged with and into the Company, with the Company continuing as a direct wholly owned subsidiary of Parent (the "Merger"). Pursuant to the Merger Agreement and the terms of the Offer to Purchase, dated August 15, 2019, at the effective time of the Merger, each share of common stock, par value $0.01 per share, of the Company (each, a "Share") was converted into the right to receive $31.00 in cash, net of applicable tax withholding, without interest.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one Share.
- [F3]Pursuant to the Merger Agreement, each RSU outstanding immediately prior to the consummation of the tender offer by Parent and Merger Sub to acquire all the outstanding Shares for $31.00 in cash (the "Offer") automatically and without any required action on the part of its holder became fully vested and was cancelled and converted immediately prior to, and contingent upon, the consummation of the Offer into a vested right to receive a lump-sum payment in an amount equal to $31.00 for each Share underlying the RSU, net of applicable tax withholdings.
Documents
Issuer
Tower International, Inc.
CIK 0001485469
Entity typeother
Related Parties
1- filerCIK 0001724452
Filing Metadata
- Form type
- 4
- Filed
- Sep 29, 8:00 PM ET
- Accepted
- Sep 30, 11:37 AM ET
- Size
- 10.4 KB