Glaze Scott A 4
4 · TOWER FINANCIAL CORP · Filed Mar 22, 2011
Insider Transaction Report
Form 4
Glaze Scott A
Director
Transactions
- Conversion
Series A Convertible Preferred Stock
2011-03-21−1,000→ 0 totalExercise: $6.02From: 2009-09-25→ Common Stock (16,611 underlying) - Conversion
Common Stock
2011-03-21$6.02/sh+16,611$99,998→ 29,922 total
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.