SEC Form 3

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

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1. Name and Address of Reporting Person* Bontrager Wendell L. (Last) (First) (Middle) 116 EAST BERRY STREET (Street) FORT WAYNE IN 46802 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 05/19/2011	3. Issuer Name and Ticker or Trading Symbol TOWER FINANCIAL CORP [ TOFC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Executive Vice President	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. 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 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	8,516(1)	D
Common Stock	500	I	Held jointly with spouse

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
Common Stock Options	08/28/2006	08/27/2011	Common Stock	2,500	$10.35	D
Common Stock Options	02/13/2007	02/12/2012	Common Stock	1,000	$13.55	D
Common Stock Options	01/31/2008	01/30/2013	Common Stock	1,500	$13.35	D
Common Stock Options	06/20/2008	06/19/2013	Common Stock	2,000	$13.38	D
Common Stock Options	02/03/2010	02/02/2015	Common Stock	1,000	$14.79	D
Common Stock Options	11/01/2010	11/01/2015	Common Stock	2,000	$16.13	D

Explanation of Responses:

1. Mr. Bontrager holds 7,266 shares within his 401k plan

	Wendell L. Bontrager	05/31/2011
	** 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).
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