Tower Group International, Ltd. 4
4 · Tower Group International, Ltd. · Filed Sep 20, 2013
Insider Transaction Report
Form 4
Lee Michael H
DirectorChairman, President & CEO10% Owner
Transactions
- Sale
Common Stock-par value @ $0.01 per share
2013-09-18$10.16/sh−1,167,659$11,866,568→ 2,363,727 total - Sale
Common Stock-par value @ $0.01 per share
2013-09-18$12.28/sh−9,900$121,597→ 2,297,926 total - Sale
Common Stock-par value @ $0.01 per share
2013-09-18$11.16/sh−55,901$623,855→ 2,307,826 total
Footnotes (5)
- [F1]These sales were required and effected by a financial institution in accordance with the acceleration of repayment obligations pursuant to a loan agreement under which these shares were pledged as collateral.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.91 to $10.90, inclusive.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.91 to $11.90, inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.91 to $12.39, inclusive.
- [F5]The reporting person undertakes to provide to Tower Group International, Ltd., any security holder of Tower Group International, Ltd., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.