SEC Form 4 · accession 0001127602-17-000621
Tower International, Inc. · TOWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Malcolm
Director
Period of report
Jan 1, 2017
Accepted (ET)
Jan 4, 2017 · 4:19 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 | Jan 1, 2017 | M | 4,864 | — | A | 660,219 | D | |
| Common Stock, Par Value $0.01 Per Share | Jan 1, 2017 | F | 1,776 | $28.35 | D | 658,443 | D | |
| Common Stock, Par Value $0.01 Per ShareF1 | Jan 1, 2017 | M | 9,838 | — | A | 668,281 | D | |
| Common Stock, Par Value $0.01 Per Share | Jan 1, 2017 | F | 3,091 | $28.35 | D | 665,190 | D | |
| Common Stock, Par Value $0.01 Per ShareF1 | Jan 1, 2017 | M | 16,466 | — | A | 681,656 | D | |
| Common Stock, Par Value $0.01 Per Share | Jan 1, 2017 | F | 5,210 | $28.35 | D | 676,446 | 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 | — | Jan 1, 2017 | M | 4,864 | D | — | — | Common Stock, Par Value $0.01 Per Share | 4,864 | 0 | D |
| Restricted Stock UnitsF1,F2 | — | Jan 1, 2017 | M | 9,838 | D | — | — | Common Stock, Par Value $0.01 Per Share | 9,838 | 0 | D |
| Restricted Stock UnitsF1,F2 | — | Jan 1, 2017 | M | 16,466 | D | — | — | Common Stock, Par Value $0.01 Per Share | 16,466 | 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").
- F2Effective December 31, 2016, the reporting person retired from the position of Chief Executive Officer of the Company. Per the reporting person's employment contract with the Company, all outstanding unvested RSUs, including dividend equivalent units ("DEUs") accrued as additional RSUs on the award, vested effective January 1, 2017.