SEC Form 4 · accession 0001140361-17-034104

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 31, 2017

Accepted (ET)

Sep 1, 2017 · 1:39 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 31, 2017	M	12,002	$1.06	A	96,043	D
Common Stock^F8	Aug 31, 2017	S	12,002	$16.93	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
Options^F7,F5	$1.06	Aug 31, 2017	M	12,002	D	—	Sep 18, 2017	Common Stock	12,002	0	D
Options^F6,F1	$15.41	holding	—	—	—	—	May 17, 2027	Common Stock	6,850	6,850	D
Options^F7,F2	$3.83	holding	—	—	—	—	Aug 8, 2024	Common Stock	5,216	5,216	D
Options^F7,F3	$3.83	holding	—	—	—	—	Aug 25, 2021	Common Stock	31,296	31,296	D
Options^F7,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 8/31/2017, the reporting person sold the shares within a range of $16.71 to $17.18. 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.