4//SEC Filing
MELEGHY GYULA 4
Accession 0001181431-10-051210
CIK 0001485469other
Filed
Oct 17, 8:00 PM ET
Accepted
Oct 18, 6:41 PM ET
Size
9.6 KB
Accession
0001181431-10-051210
Insider Transaction Report
Form 4
MELEGHY GYULA
President, Intl Operations
Transactions
- Award
Stock Options (right to buy)
2010-10-14+28,189→ 28,189 totalExercise: $13.00Exp: 2020-10-14→ Common Stock (28,189 underlying) - Award
Restricted Stock Units
2010-10-15+135,550→ 135,550 total→ Common Stock (135,550 underlying)
Footnotes (4)
- [F1]These stock options will vest ratably on March 1, 2012, March 1, 2013 and March 1, 2014; provided, however, that such stock options will also vest in full upon the occurrence of a "change in control" of Tower International, Inc. (the "Company"), as defined in the Tower International, Inc. 2010 Equity Incentive Plan (the "Plan").
- [F2]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 the Company.
- [F3]Fifty percent (50%) of the RSUs vest nine months after the consummation of the Company's initial public offering (the "First Vesting Date") and the balance of the RSUs will vest eighteen months after the consummation of the Company's initial public offering (the "Second Vesting Date"); provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Plan; provided further, however, that if the Company terminates the reporting person's employment for any reason other than for "cause," as defined in the Plan, or the reporting person's employment terminates due to death or disability, (Continued in Footnote 4)
- [F4](a) if the non-cause termination event occurs prior to the First Vesting Date, 50% of the RSUs will vest on the earlier to occur of (i) the First Vesting Date and (ii) December 31 of the calendar year during which such non-cause termination occurs, and (b) if the non-cause termination event occurs after the First Vesting Date but before the Second Vesting Date, 100% of the RSUs will vest on the earlier to occur of (i) the Second Vesting Date and (ii) December 31 of the calendar year during which such non-cause termination occurs.
Documents
Issuer
Tower International, Inc.
CIK 0001485469
Entity typeother
Related Parties
1- filerCIK 0001319639
Filing Metadata
- Form type
- 4
- Filed
- Oct 17, 8:00 PM ET
- Accepted
- Oct 18, 6:41 PM ET
- Size
- 9.6 KB