SEC Form 4 · accession 0001127602-15-017124
Tower International, Inc. · TOWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Paer Malmhagen
Officer — President, Europe
Period of report
May 11, 2015
Accepted (ET)
May 13, 2015 · 4:31 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, Par Value $0.01 Per ShareF1 | May 11, 2015 | M | 1,139 | — | A | 4,397 | D | |
| Common Stock, Par Value $0.01 Per Share | May 11, 2015 | F | 541 | $28.27 | D | 3,856 | 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 | — | May 11, 2015 | M | 1,139 | D | — | — | Common Stock, Par Value $0.01 Per Share | 1,139 | 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 May 11, 2015, the remaining one-third of the 3,418 RSUs originally granted to the reporting person on June 1, 2012 vested. The RSUs had no expiration date.