4//SEC Filing
RUFFOLO JOSEPH D 4
Accession 0001435933-10-000009
CIK 0001072847other
Filed
Aug 24, 8:00 PM ET
Accepted
Aug 25, 4:05 PM ET
Size
10.2 KB
Accession
0001435933-10-000009
Insider Transaction Report
Form 4
RUFFOLO JOSEPH D
Director
Transactions
- Purchase
Common Stock
2010-08-23$6.35/sh+15,748$100,000→ 16,748 total(indirect: By Spouse)
Holdings
- 15,035(indirect: By Trust)
Common Stock
- 100(indirect: By Children)
Common Stock
- 750
Series A Convertible Preferred Stock
Exercise: $6.02From: 2009-09-25→ Common Stock (12,459 underlying) - 750(indirect: By Spouse)
Series A Convertible Preferred Stock
Exercise: $6.02From: 2009-09-25→ Common Stock (12,458 underlying) - 19,035
Common Stock
Footnotes (2)
- [F1]Shares of common stock purchased in connection with the Issuer's July 2010 private placement transaction, in accordance with the Subscription Agreement, dated July 19, 2010, between the Issuer and the Reporting Person. The proceeds of such transaction were held in escrow pending approval from the Federal Reserve Bank. Such approval was received and the funds were released.
- [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.
Documents
Issuer
TOWER FINANCIAL CORP
CIK 0001072847
Entity typeother
Related Parties
1- filerCIK 0001195961
Filing Metadata
- Form type
- 4
- Filed
- Aug 24, 8:00 PM ET
- Accepted
- Aug 25, 4:05 PM ET
- Size
- 10.2 KB