SEC Form 4 · accession 0001127602-18-020691
Tower International, Inc. · TOWR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark R. Flynn
Officer — SVP, Global Human Resources
Period of report
Jun 8, 2018
Accepted (ET)
Jun 12, 2018 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001485469
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F1 | — | Jun 8, 2018 | A | 15 | A | — | — | Common Stock, Par Value $0.01 Per Share | 15 | 3,444 | D |
Explanation of responses
- F1These restricted stock units ("RSUs") result from dividend equivalent units accrued as additional RSUs on 2018 RSU award. Each RSU 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"). RSUs resulting from dividend equivalents vest and settle, at the same time and on the same terms and conditions, with the underlying RSUs to which they relate. There is no expiration date.
- F2Represents total unvested RSUs associated with original award, including unvested RSUs accrued in respect of dividend equivalent units.