TIPPMAN JOHN V SR 4
4 · TOWER FINANCIAL CORP · Filed Jul 15, 2010
Insider Transaction Report
Form 4
TIPPMAN JOHN V SR
Director
Transactions
- Conversion
Common Stock
2010-07-14$6.02/sh+166,113$1,000,000→ 386,652 total - Conversion
Series A Convertible Preferred Stockc
2010-07-14+18,300→ 0 totalExercise: $6.02From: 2009-09-25→ Common Stock (166,113 underlying)
Footnotes (1)
- [F1]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.