Schwentor Larry 4
4 · Tower International, Inc. · Filed Apr 24, 2012
Insider Transaction Report
Form 4
Schwentor Larry
Director
Transactions
- Exercise/Conversion
Common Stock, par value $0.01 per share
2012-04-20+37,177→ 66,442 total - Disposition to Issuer
Common Stock, par value $0.01 per share
2012-04-20$11.16/sh−10,912$121,778→ 55,530 total - Exercise/Conversion
Restricted Stock Units
2012-04-20−37,177→ 0 total→ Common Stock (37,177 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").
- [F2]On July 20, 2011, fifty percent (50%) of the 74,354 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, 10,912 of the reporting person's RSUs were settled for cash, and the remaining 26,265 were settled in shares of common stock.