MELEGHY GYULA 4
4 · Tower International, Inc. · Filed Mar 5, 2012
Insider Transaction Report
Form 4
MELEGHY GYULA
President, Intl Operations
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2012-03-01$12.74/sh−1,011$12,880→ 104,693 total - Exercise/Conversion
Restricted Stock Units
2012-03-01−2,129→ 4,256 total→ Common Stock (2,129 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2012-03-01+2,129→ 105,704 total
Footnotes (2)
- [F1]Each restricted stock unit (collectively, the "RSUs") represents a contingent right to receive up to one share of the common stock, par value $0.01 per share (the "Common Stock") of Tower International, Inc. (the "Company").
- [F2]On March 1, 2012, one-third of the 6,385 RSUs originally granted to the reporting person vested. The balance of the RSUs will vest ratably on 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.