TIPPMAN JOHN V SR 4
4 · TOWER FINANCIAL CORP · Filed Jan 15, 2010
Insider Transaction Report
Form 4
TIPPMAN JOHN V SR
Director
Transactions
- Purchase
Common Stock
2009-10-09$4.59/sh+45,800$210,222→ 220,539 total - Purchase
Common Stock
2009-10-02$4.66/sh+12,000$55,920→ 174,739 total
Holdings
- 10,000
Series A Convertible Preferred Stock
Exercise: $6.02From: 2009-09-25→ Common Stock (166,113 underlying)
Footnotes (2)
- [F1]Reflects increase of 250 shares to correct mathematical error in calculating aggregate share total carried over from Column 5 of reporting Person's Form 4, filed February 24, 2009.
- [F2]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.