4//SEC Filing
RUFFOLO JOSEPH D 4
Accession 0001435933-11-000010
CIK 0001072847other
Filed
Jul 7, 8:00 PM ET
Accepted
Jul 8, 8:19 AM ET
Size
12.8 KB
Accession
0001435933-11-000010
Insider Transaction Report
Form 4
RUFFOLO JOSEPH D
Director
Transactions
- Conversion
Series A Convertible Preferred Stock
2011-06-03−750→ 0 totalExercise: $6.02From: 2009-09-25→ Common Stock (12,459 underlying) - Conversion
Common Stock
2011-06-03$6.02/sh+24,918$150,006→ 25,918 total(indirect: By Trust) - Conversion
Series A Convertible Preferred Stock
2011-06-03−750→ 0 total(indirect: By Spouse)Exercise: $6.02From: 2009-09-25→ Common Stock (12,459 underlying)
Holdings
- 15,748(indirect: By Spouse)
Common Stock
- 100(indirect: By Children)
Common Stock
- 19,035
Common Stock
- 15,035(indirect: By Trust)
Common Stock
Footnotes (5)
- [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.
- [F2]Due to a scrivener's error, the total holdings were adjusted to include an additional share.
- [F3]Reflects a direct acquisition by the reporting person of 12,459 shares of common stock an indirect acquisition by the reporting person of 12,459 shares of common stock through the reporting person's spouse, with a simultaneous transfer of these holdings to the Linda Ruffolo Revocable Trust, resulting in the reporting person acquiring 24,918 shares of common stock indirectly through such Trust.
- [F4]Reflects an additional 1,000 shares incorrectly reported as being held by spouse.
- [F5]Reflects a reduction of 1,000 shares held by Linda Ruffolo Revocable Trust which was incorrectly reported as being held by spouse.
Documents
Issuer
TOWER FINANCIAL CORP
CIK 0001072847
Entity typeother
Related Parties
1- filerCIK 0001195961
Filing Metadata
- Form type
- 4
- Filed
- Jul 7, 8:00 PM ET
- Accepted
- Jul 8, 8:19 AM ET
- Size
- 12.8 KB