SCHENKEL DONALD F 4
4 · TOWER FINANCIAL CORP · Filed Oct 18, 2010
Insider Transaction Report
Form 4
SCHENKEL DONALD F
Director
Transactions
- Conversion
Common Stock
2010-10-14$6.02/sh+4,983$29,998→ 39,623 total - Conversion
Series A Convertible Preferred Stock
2010-10-14−300→ 0 totalExercise: $6.02From: 2009-09-25→ Common Stock (4,983 underlying)
Footnotes (1)
- [F1]The Series A convertible 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.