SEC Form 4 · accession 0001127602-17-007404
Tower International, Inc. · TOWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Rajkovic
Officer — EVP & COO
Period of report
Feb 17, 2017
Accepted (ET)
Feb 21, 2017 · 4:33 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 Share | Feb 17, 2017 | M | 15,312 | $13.00 | A | 15,312 | D | |
| Common Stock, Par Value $0.01 Per Share | Feb 17, 2017 | M | 44,688 | $11.71 | A | 60,000 | D | |
| Common Stock, Par Value $0.01 Per ShareF1 | Feb 17, 2017 | S | 60,000 | $28.07 | D | 0 | D | |
| Common Stock, Par Value $0.01 Per Share | holding | — | — | — | 79,822 | I | As Trustee Of The Miljko Rajkovic Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (right To Purchase)F3,F2 | $13.00 | Feb 17, 2017 | M | 15,312 | D | — | Oct 14, 2020 | Common Stock, Par Value $0.01 Per Share | 15,312 | 0 | D |
| Stock Options (right To Purchase)F3,F4 | $11.71 | Feb 17, 2017 | M | 44,688 | D | — | Mar 6, 2022 | Common Stock, Par Value $0.01 Per Share | 44,688 | 0 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.25, inclusive. The reporting person undertakes to provide to Tower International, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F245,938 stock options were granted to the reporting person on October 14, 2010, of which all (inclusive of previously reported exercises) were vested prior to the transaction date.
- F3The reporting person previously reported his stock options, including those referenced in this Form 4, as indirectly owned through the Miljko Rajkovic Living Trust. All of the reporting person's stock options are directly owned by the reporting person.
- F467,033 stock options were granted to the reporting person on March 6, 2012, of which all (inclusive of previously reported exercises) were vested prior to the transaction date.