SEC Form 4 · accession 0001140361-16-088001
Turning Point Brands, Inc. · TPB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Michael Murray
Officer — Sr. VP, Business Planning
Period of report
May 11, 2016
Accepted (ET)
Nov 28, 2016 · 8:29 pm EST
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 | May 11, 2016 | A | 141 | $0.00 | A | 141 | D | |
| Common Stock | Nov 23, 2016 | M | 26,080 | $1.06 | A | 26,221 | D | |
| Common StockF1 | Nov 23, 2016 | S | 13,592 | $14.00 | D | 12,629 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (2007)F2 | $1.06 | Nov 23, 2016 | M | 26,080 | D | — | Sep 18, 2017 | Common Stock | 26,080 | 0 | D |
Explanation of responses
- F1The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $13.89 to $14.175, inclusive. The reporting person undertakes to provide to Turning Point Brands, Inc., any security holder of Turning Point Brands, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F2The options vested and became exercisable as to 50% of the underlying shares on September 18, 2007, 16.66% of the underlying shares on January 1, 2008, 16.66% of the underlying shares on January 1, 2009 and the remaining 16.68% of the underlying shares on January 10, 2010.