4//SEC Filing
Turpin Ronald W 4
Accession 0001435933-12-000011
CIK 0001072847other
Filed
May 24, 8:00 PM ET
Accepted
May 25, 3:19 PM ET
Size
5.9 KB
Accession
0001435933-12-000011
Insider Transaction Report
Form 4
Turpin Ronald W
Director
Transactions
- Award
Deferred Stock Units
2012-05-23+644→ 644 totalExercise: $0.00From: 2013-05-23Exp: 2013-05-23→ Common Stock (644 underlying)
Footnotes (3)
- [F1]Pursuant to registrant's Amendment No. 1 to 2006 Equity Incentive Plan, the reporting person on May 23, 2012 was granted an exempt award of Deferred Stock Units ("DSUs").
- [F2]The reporting person, by prior election, chose to receive his common stock, when converted from DSUs, at the expiration of one year following the grant date.
- [F3]Each whole DSU represents registrant's unsecured and unfunded obligation, upon the expiration of the reporting person's deferral period election, to convert and issue to the reporting person one share of registrant's common stock for each DSU. The DSUs are 100% vested on the grant date.
Documents
Issuer
TOWER FINANCIAL CORP
CIK 0001072847
Entity typeother
Related Parties
1- filerCIK 0001509114
Filing Metadata
- Form type
- 4
- Filed
- May 24, 8:00 PM ET
- Accepted
- May 25, 3:19 PM ET
- Size
- 5.9 KB