SEC Form 4 · accession 0001140361-17-022425
Turning Point Brands, Inc. · TPB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lawrence Wexler
Officer — President and CEO · Director
Period of report
May 24, 2017
Accepted (ET)
May 25, 2017 · 8:45 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 | May 24, 2017 | M | 4,000 | $1.06 | A | 219,137 | D | |
| Common StockF7 | May 24, 2017 | S | 1,758 | $16.41 | D | 217,379 | D | |
| Common Stock | May 25, 2017 | M | 225 | $1.06 | A | 217,604 | D | |
| Common Stock | May 25, 2017 | S | 100 | $16.58 | D | 217,504 | 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)F6,F4 | $1.06 | May 24, 2017 | M | 4,000 | D | — | Sep 18, 2017 | Common Stock | 4,000 | 224,122 | D |
| Options (2007)F6,F4 | $1.06 | May 25, 2017 | M | 225 | D | — | Sep 18, 2017 | Common Stock | 225 | 223,897 | D |
| Options (2017)F5,F1 | $15.41 | holding | — | — | — | — | May 17, 2027 | Common Stock | 16,819 | 16,819 | D |
| Options (2014)F6,F2 | $3.83 | holding | — | — | — | — | Aug 8, 2024 | Common Stock | 4,695 | 4,695 | D |
| Options (2008)F6,F3 | $1.06 | holding | — | — | — | — | Nov 4, 2018 | Common Stock | 31,296 | 31,296 | D |
Explanation of responses
- F1The options vest and become exercisable as to 34% of the underlying shares on January 1, 2018, 33% of the underlying shares on January 1, 2019 and 33% of the underlying shares on January 1, 2020.
- F2The options vested and became exercisable as to 50% of the underlying shares on August 8, 2014, 25% of the underlying shares on August 8, 2015 and 25% of the underlying shares on August 8, 2016.
- F3The options vested and became exercisable as to 50% of the underlying shares on November 4, 2008, 16.66% of the underlying shares on January 1, 2009, 16.66% of the underlying shares on January 1, 2010 and the remaining 16.66% of the underlying shares on January 1, 2011.
- F4The 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 16.66% of the underlying shares on January 1, 2010.
- F5Granted pursuant to the issuer's 2015 Equity Incentive Plan.
- F6Granted pursuant to the issuer's 2006 Equity Incentive Plan.
- F7Weighted average sale price. On 5/24/2017, the reporting person sold the shares within a range of $16.33 to $16.64. The reporting person will provide upon request by the Commission Staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.