TIPPMAN JOHN V SR 4
4 · TOWER FINANCIAL CORP · Filed Aug 25, 2010
Insider Transaction Report
Form 4
TIPPMAN JOHN V SR
Director
Transactions
- Purchase
Common Stock
2010-08-23$6.35/sh+157,480$999,998→ 544,132 total
Footnotes (1)
- [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 Board. Such approval was received and the funds were released.