X0303 4 2010-10-12 0 0001072847 TOWER FINANCIAL CORP TOFC 0001195948 BUSSE KEITH E 7575 W. JEFFERSON BLVD. FORT WAYNE IN 46804 1 0 0 0 Common Stock 2010-10-12 4 P 0 22000 7 A 444380 D Series A Convertible Preferred Stock 6.02 2009-09-25 Common Stock 83056 5000 D Reflects a purchase by the reporting person from an entity the shareholdings of which were previously already included, as indirectly held shares, in Mr. Busse's aggregate holdings, despite the fact that Mr. Busse neither holds sole nor shared voting or dispositive power over, and, therefore, disclaims any beneficial interest in any of that entity's shares. The sole effect of the transaction is to now reflect the 22,000 share as shares held directly by Mr. Busse. Aggregate reported holdings, both direct and indirect, remain the same. 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. Keith E. Busse 2010-10-14