SEC Form 4 · accession 0001140361-16-078747
Turning Point Brands, Inc. · TPB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Standard General L.P.
10% Owner
Soohyung Kim
Officer — See Footnote 3 · Director · 10% Owner
Standard General Master Fund L.P.
10% Owner
Standard General Focus Fund L.P.
10% Owner
P STANDARD GENERAL LTD
10% Owner
Period of report
Aug 31, 2016
Accepted (ET)
Sep 2, 2016 · 4:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001290677
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.01 par value ("Common Stock")F1,F2,F3 | Aug 31, 2016 | X | 442,558 | $0.01 | A | 8,942,373 | I | See Footnotes |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Warrants (right to buy)F1,F2,F3 | $0.01 | Aug 31, 2016 | X | 442,558 | D | Jan 13, 2014 | Jan 13, 2021 | Common Stock | 442,558 | 0 | I |
Explanation of responses
- F1The securities reported herein are held for the accounts of Standard General Master Fund L.P. (the "Master Fund"), P Standard General Ltd. ("P Standard General") and Standard General Focus Fund L.P. ("Focus Fund"), private investment vehicles for which Standard General L.P. ("Standard General") serves as investment manager. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. This Form 4 does not include any securities of the Issuer held by another private investment vehicle for which Standard General provides investment advice but with respect to which none of the Reporting Persons has a pecuniary interest.
- F2Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F3As of the date of this report, after giving effect to the transaction described herein: (i) 6,503,966 shares of Common Stock are held for the account of the Master Fund, (ii) 2,228,943 shares of Common Stock are held for the account of P Standard General, and (iii) 209,464 shares of Common Stock are held for the account of Focus Fund.