RUFFOLO JOSEPH D 4
4 · TOWER FINANCIAL CORP · Filed May 4, 2010
Insider Transaction Report
Form 4
RUFFOLO JOSEPH D
Director
Transactions
- Purchase
Common Stock
2010-04-30$7.99/sh+35$280→ 15,035 total(indirect: By Trust)
Holdings
- 100(indirect: By Children)
Common Stock
- 1,000(indirect: By Spouse)
Common Stock
- 19,035
Common Stock
- 750
Series A Convertible
Exercise: $6.02From: 2009-09-25→ Common Stock (12,459 underlying) - 750(indirect: By Spouse)
Series A Convertible Preferred Stock
Exercise: $6.02From: 2009-09-25→ Common Stock (12,458 underlying)
Footnotes (1)
- [F1]The Series A preferred stock has no expiration date; however, Tower Financial Corp has the right to call the shares on or after September 25,2012 and until September 24, 2013 at 110% of par, after September 25, 2013 and until September 24, 2014 at 105 % of par, and at par after September 25, 2014.