4//SEC Filing
WALTERS IRENE 4
Accession 0001435933-12-000016
CIK 0001072847other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 4:49 PM ET
Size
5.9 KB
Accession
0001435933-12-000016
Insider Transaction Report
Form 4
WALTERS IRENE
Director
Transactions
- Award
Deferred Stock Units
2012-05-25+395→ 395 totalExercise: $0.00From: 2013-05-25Exp: 2013-05-25→ Common Stock (395 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 her common stock, when converted from DSUs, at the expiration of one year following the date of the grant.
- [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 0001209284
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 4:49 PM ET
- Size
- 5.9 KB