SEC Form 4 · accession 0001127602-15-010795

Tower International, Inc. · TOWR

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President, Europe

Period of report

Mar 6, 2015

Accepted (ET)

Mar 10, 2015 · 4:18 pm EDT

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
Common Stock, Par Value $0.01 Per Share^F1	Mar 6, 2015	M	2,012	—	A	3,666	D
Common Stock, Par Value $0.01 Per Share	Mar 6, 2015	F	956	$26.16	D	2,710	D
Common Stock, Par Value $0.01 Per Share^F1	Mar 6, 2015	M	1,044	—	A	3,754	D
Common Stock, Par Value $0.01 Per Share	Mar 6, 2015	F	496	$26.16	D	3,258	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Mar 6, 2015	A	2,568	A	—	—	Common Stock, Par Value $0.01 Per Share	2,568	2,568	D
Restricted Stock Units^F1,F3	—	Mar 6, 2015	M	2,012	D	—	—	Common Stock, Par Value $0.01 Per Share	2,012	2,012	D
Restricted Stock Units^F1,F4	—	Mar 6, 2015	M	1,044	D	—	—	Common Stock, Par Value $0.01 Per Share	1,044	2,087	D

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").
F2These RSUs will vest ratably on March 6, 2016, March 6, 2017, and March 6, 2018; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Tower International, Inc. 2010 Equity Incentive Plan (the "Plan"), or if the reporting person's employment terminates due to death or disability. There is no expiration date.
F3On March 6, 2015, one-third of the 6,036 RSUs originally granted to the reporting person on March 5, 2013 vested. The balance of the RSUs will vest on March 6, 2016; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Plan, or if the reporting person's employment terminates due to death or disability. There is no expiration date.
F4On March 6, 2015, one-third of the 3,131 RSUs originally granted to the reporting person on March 6, 2014 vested. The balance of the RSUs will vest ratably on March 6, 2016 and March 6, 2017; provided, however, that such RSUs will vest in full upon the occurrence of a "change in control" of the Company, as defined in the Plan, or if the reporting person's employment terminates due to death or disability. There is no expiration date.