SEC Form 4 · accession 0001140361-17-032253
Turning Point Brands, Inc. · TPB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James Wells Dobbins
Officer — GC, Secretary, Sr. VP
Period of report
Aug 14, 2017
Accepted (ET)
Aug 15, 2017 · 2:09 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 | Aug 14, 2017 | M | 6,000 | $1.06 | A | 90,041 | D | |
| Common StockF8 | Aug 14, 2017 | S | 6,000 | $16.04 | D | 84,041 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OptionsF7,F5 | $1.06 | Aug 14, 2017 | M | 6,000 | D | — | Sep 18, 2017 | Common Stock | 6,000 | 12,002 | D |
| OptionsF6,F1 | $15.41 | holding | — | — | — | — | May 17, 2027 | Common Stock | 6,850 | 6,850 | D |
| OptionsF7,F2 | $3.83 | holding | — | — | — | — | Aug 8, 2024 | Common Stock | 5,216 | 5,216 | D |
| OptionsF7,F3 | $3.83 | holding | — | — | — | — | Aug 25, 2021 | Common Stock | 31,296 | 31,296 | D |
| OptionsF7,F4 | $1.06 | holding | — | — | — | — | Nov 4, 2018 | Common Stock | 20,864 | 20,864 | 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 August 25, 2011, 16.66% of the underlying shares on August 25, 2012, 16.66% of the underlying shares on August 25, 2013 and the remaining 16.66% of the underlying shares on August 25, 2014.
- F4The 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.
- F5The 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.
- F6Granted pursuant to the issuer's 2015 Equity Incentive Plan.
- F7Granted pursuant to the issuer's 2006 Equity Incentive Plan.
- F8Weighted average sale price. On 8/14/2017, the reporting person sold the shares within a range of $15.94 to $16.38. 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.