CALLEN KATHRYN D 4
4 · TOWER FINANCIAL CORP · Filed Sep 29, 2009
Insider Transaction Report
Form 4
CALLEN KATHRYN D
Director
Transactions
- Purchase
Series A Convertible Preferred Stock
2009-09-25$100.00/sh+250$25,000→ 250 totalExercise: $6.02From: 2009-09-25→ Common Stock (4,153 underlying)
Footnotes (2)
- [F1]The Series A preferred stock is convertible into Tower Financial Corp common stock at a price per share of $6.02.
- [F2]The Series A preferred stock has no expiration date; however, Tower Financial Corp has the right to call the shares on or after September 25, 2012 and until September 24, 2013 at 110% of par, after September 25, 2013 and until September 24, 2014 at 105% of par, and at par after September 25, 2014.