SEC Form 4 · accession 0001140361-18-018238

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

Apr 9, 2018

Accepted (ET)

Apr 11, 2018 · 5:56 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
Common Stock	Apr 9, 2018	M	800	$1.06	A	21,729	D
Common Stock^F8	Apr 9, 2018	S	300	$20.19	D	21,429	D
Common Stock	Apr 10, 2018	M	400	$1.06	A	21,829	D
Common Stock	Apr 10, 2018	S	150	$20.65	D	21,679	D
Common Stock	Apr 11, 2018	M	400	$1.06	A	22,079	D
Common Stock^F9	Apr 11, 2018	S	150	$21.27	D	21,929	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	Apr 9, 2018	M	800	D	—	Nov 4, 2018	Common Stock	800	6,664	D
Options^F7,F5	$1.06	Apr 10, 2018	M	400	D	—	Nov 4, 2018	Common Stock	400	6,264	D
Options^F7,F5	$1.06	Apr 11, 2018	M	400	D	—	Nov 4, 2018	Common Stock	400	5,864	D
Options^F6,F1	$21.21	holding	—	—	—	—	Mar 7, 2028	Common Stock	7,500	7,500	D
Options^F6,F2	$15.41	holding	—	—	—	—	May 17, 2027	Common Stock	6,000	6,000	D
Options^F7,F3	$3.83	holding	—	—	—	—	Aug 8, 2024	Common Stock	29,731	29,731	D
Options^F7,F4	$3.83	holding	—	—	—	—	Aug 25, 2021	Common Stock	62,591	62,591	D

Explanation of responses

F1The options vest and become exercisable as to 34% of the underlying shares on January 1, 2019, 33% of the underlying shares on January 1, 2020 and 33% of the underlying shares on January 1, 2021.
F2The 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.
F3The 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.
F4The 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.
F5The 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.
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 4/9/2018, the reporting person sold the shares within a range of $20.11 to $20.29. 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.
F9Weighted average sale price. On 4/11/2018, the reporting person sold the shares within a range of $21.26 to $21.30. 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.