SEC Form 4 · accession 0001140361-18-019443

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 20, 2018

Accepted (ET)

Apr 24, 2018 · 9:15 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 20, 2018	M	400	$1.06	A	23,829	D
Common Stock	Apr 20, 2018	S	150	$21.06	D	23,679	D
Common Stock	Apr 23, 2018	M	400	$1.06	A	24,079	D
Common Stock^F8	Apr 23, 2018	S	150	$20.69	D	23,929	D
Common Stock	Apr 24, 2018	M	400	$1.06	A	24,329	D
Common Stock	Apr 24, 2018	S	150	$21.09	D	24,179	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options (2008)^F7,F5	$1.06	Apr 20, 2018	M	400	D	—	Nov 4, 2018	Common Stock	400	3,064	D
Options (2008)^F7,F5	$1.06	Apr 23, 2018	M	400	D	—	Nov 4, 2018	Common Stock	400	2,664	D
Options (2008)^F7,F5	$1.06	Apr 24, 2018	M	400	D	—	Nov 4, 2018	Common Stock	400	2,264	D
Options (2018)^F6,F1	$21.21	holding	—	—	—	—	Mar 7, 2028	Common Stock	7,500	7,500	D
Options (2017)^F6,F2	$15.41	holding	—	—	—	—	May 17, 2027	Common Stock	6,000	6,000	D
Options (2014)^F7,F3	$3.83	holding	—	—	—	—	Aug 8, 2024	Common Stock	29,731	29,731	D
Options (2011)^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 4/23/2018, the reporting person sold the shares within a range of $20.55 to $20.76. 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.