SEC Form 4 · accession 0001127602-17-031617
Tower International, Inc. · TOWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William Cook
Officer — SVP, Global Human Resources
Period of report
Nov 6, 2017
Accepted (ET)
Nov 8, 2017 · 4:35 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 | Nov 6, 2017 | M | 6,601 | $11.71 | A | 11,917 | D | |
| Common Stock, Par Value $0.01 Per ShareF1 | Nov 6, 2017 | S | 6,601 | $31.87 | D | 5,316 | D |
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)F2 | $11.71 | Nov 6, 2017 | M | 6,601 | D | — | Mar 6, 2022 | Common Stock, Par Value $0.01 Per Share | 6,601 | 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 $31.40 to $32.45, 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.
- F219,805 stock options were granted to the reporting person on March 6, 2012, of which all were vested prior to the transaction date.