TOWER FINANCIAL CORP 4
4 · TOWER FINANCIAL CORP · Filed Nov 21, 2013
Insider Transaction Report
Form 4
NIEZER WILLIAM G
Director
Transactions
- Award
Common Stock
2013-11-21+1→ 33,828 total
Footnotes (2)
- [F1]Represents the number of additional deferred stock units (DSUs) resulting from a deemed dividend equivalent payment credited to the reporting person's account in connection with the Tower Financial Corporations 2006 Equity Incentive Plan. The number of additional DSUs have been calculated by dividing the dividend equivalent dollar amount by the market price of the Company's common stock at the close of business on the day prior to the applicable payment date ($24.51).
- [F2]Reportable as directly owned shares of common stock, rather than as a derivative security in Table II, because any and all underlying DSUs are payable, at such time as they are to be settled, solely in common stock. (See Lincoln National Corp. (March 20, 1992)(Q.3)).