FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
1. Name and Address of Reporting Person*
(Street)
|
2. Date of Event Requiring Statement
(Month/Day/Year) 02/05/2009 |
3. Issuer Name and Ticker or Trading Symbol
Tower Group, Inc. [ TWGP ] |
|||||||||||||
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
5. If Amendment, Date of Original Filed
(Month/Day/Year) |
||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
|
Table I - Non-Derivative Securities Beneficially Owned | |||
---|---|---|---|
1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock-par value @ $0.01 per share | 4,855(1) | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
---|---|---|---|---|---|---|---|
1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (right to buy) | (2) | 04/29/2017 | COMMON STOCK | 9,111 | $28.13 | D | |
Employee Stock Option (right to buy) | (3) | 03/09/2018 | COMMON STOCK | 11,292 | $18.67 | D |
Explanation of Responses: |
1. Includes 3,445 shares of restricted stock issued pursuant to the CastlePoint Holdings, Ltd. 2006 Long-Term Compensation Plan that were assumed and converted into restricted shares of Tower Group, Inc. common stock pursuant to the terms and conditions of that certain Agreement and Plan of Merger, dated as of August 4, 2008, by and among Tower Group, Inc., Ocean I Corporation and CastlePoint Holdings, Ltd., which vest in three equal installments on April 5, 2010, June 5, 2011 and August 5, 2012. |
2. The options were issued pursuant to the CastlePoint Holdings, Ltd. 2006 Long-Term Compensation Plan and were assumed and converted into ptions to acquire shres of Tower Group, Inc. common stock pursuant to the terms and conditions of that certain Agreement and Plan of Merger, dated as of August 4, 2008, by and amont Tower, Inc., Ocean I Corporation and CastlePoint Holdings, Ltd., and are exercisable in three equal installments on June 30, 2008, August 30, 2009 and October 30, 2010. |
3. The options were issued pursuant to the CastlePoint Holdings, Ltd. 2006 Long-Term Compensation Plan and were assumed and converted into options to acquire shares of Tower Group, Inc. common stock pursuant to the terms and conditions of that certain Agreement and Plan of Merger, dated as of August 4, 2008, by and among Tower, Inc., Ocean I Corporation and CastlePoint Holdings, Ltd., and are exercisable in three equal installments on May 9, 2009, July 9, 2010 and September 9, 2011. |
/s/ RICHARD BARROW | 02/11/2009 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |