SEC Form 4 · accession 0001127602-15-000739
Tower International, Inc. · TOWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Malcolm
Officer — President & CEO · Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 4:50 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001485469
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per ShareF1 | Dec 31, 2014 | M | 295,858 | — | A | 759,774 | D | |
| Common Stock, Par Value $0.01 Per Share | Dec 31, 2014 | F | 131,306 | $26.10 | D | 628,468 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Dec 31, 2014 | M | 295,858 | D | — | — | Common Stock, Par Value $0.01 Per Share | 295,858 | 0 | D |
Explanation of responses
- F1Each restricted stock unit (collectively, the "RSUs") represents a contingent right to receive one share of the common stock, par value $0.01 per share (the "Common Stock") of Tower International, Inc. (the "Company").
- F2On December 31, 2014, the 295,858 RSUs originally granted to the reporting person on December 20, 2011 vested. The RSUs had no expriration date.