MELEGHY GYULA 4
4 · Tower International, Inc. · Filed Apr 24, 2012
Insider Transaction Report
Form 4
MELEGHY GYULA
President, Intl Operations
Transactions
- Exercise/Conversion
Restricted Stock Units
2012-04-20−67,775→ 0 total→ Common Stock (67,775 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2012-04-20+67,775→ 172,468 total
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").
- [F2]On July 20, 2011, fifty percent (50%) of the 135,550 RSUs originally granted to the reporting person vested. On April 20, 2012, eighteen months after the consummation of the Company's initial public offering, the balance of the RSUs vested.