4//SEC Filing
NIEZER WILLIAM G 4
Accession 0001435933-12-000013
CIK 0001072847other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 4:24 PM ET
Size
6.0 KB
Accession
0001435933-12-000013
Insider Transaction Report
Form 4
NIEZER WILLIAM G
Director
Transactions
- Award
Deferred Stock Units
2012-05-25+439→ 439 totalExercise: $0.00From: 2015-05-25Exp: 2015-05-25→ Common Stock (439 underlying)
Footnotes (3)
- [F1]Pursuant to registrant's Amendment No. 1 to 2006 Equity Incentive Plan, the reporting person on May 25, 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 three years 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 0001209276
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 4:24 PM ET
- Size
- 6.0 KB