U.S. SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b)
1. Name and Address of Reporting Person*
Pitser Tommy G.
(Last) (First) (Middle)
c/o Tower Automotive, Inc. 6303 28th Street, S.E.
(Street)
Grand Rapids MI 49546
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Tower Automotive, Inc. TWR
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
9/98
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
____ Director ___ 10% Owner
_X__ Officer (give title below) ___ Other (specify below)
7. Individual or Joint/Group Filing (Check applicable line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Benefically Owned
1. Title of Security (Instr. 3)
2. Transaction Date (Month/Day/Year)
3. Transaction Code (Instr. 8)
Code
V
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount
(A) or (D)
Price
5. Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly
(Print or Type Responses)
*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v)
(over)
<PAGE>
FORM 4 (continued)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
Employee Stock Option (Right to Buy)
2. Conversion or Exercise Price of Derivative Security
$17.125
3. Transaction Date (Month/Day/Year)
9/11/98
4. Transaction Code (Instr. 8)
Code A
V V
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3,
4, and 5)
(A) 20,000
(D) -
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable 9/11/1999 (1)
Expiration Date 9/11/2008
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title Common Stock
Amount or Number of Shares 20,000
8. Price of Derivative Security (Instr. 5)
-
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
20,000
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
D
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
(1) The option vests in four annual installments beginning September 11,
1999 at the rate of 25% per year.
/s/ Michael G. Wooldridge 10/8/98
**Signature of Reporting Person Date
Michael G. Wooldridge for
Tommy G. Pitser
**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 provided is insufficient, see Instruction 6 for procedure.
