Tower International, Inc. 4
4 · Tower International, Inc. · Filed Mar 10, 2014
Insider Transaction Report
Form 4
GALLEN JONATHAN
Director
Transactions
- Award
Restricted Stock Units
2014-03-06+3,781→ 3,781 total→ Common Stock (3,781 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]These RSUs will vest on March 6, 2015; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company or if the reporting person's service terminates due to death, disability or at the request of the Company or due to completion of the reporting persons term of office as a director. Shares of Common Stock will be issued in settlement of the RSUs upon the earlier of the recipient's termination of service as a director or a change in control.