SEC Form 4 · accession 0001567619-18-002897

Turning Point Brands, Inc. · TPB

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President and CEO · Director

Period of report

Sep 17, 2018

Accepted (ET)

Sep 19, 2018 · 5:21 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	Sep 17, 2018	M	10,432	$1.06	A	345,328	D
Common Stock^F7	Sep 17, 2018	F	4,965	$39.98	D	340,363	D
Common Stock	Sep 18, 2018	M	20,864	$1.06	A	361,227	D
Common Stock	Sep 18, 2018	F	9,757	$41.16	D	351,470	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options (2008)^F5,F1	$1.06	Sep 17, 2018	M	10,432	D	—	Nov 4, 2018	Common Stock	10,432	20,864	D
Options (2008)^F5,F1	$1.06	Sep 18, 2018	M	20,864	D	—	Nov 4, 2018	Common Stock	20,864	0	D
Options (2018)^F6,F4	$21.21	holding	—	—	—	—	Mar 7, 2028	Common Stock	26,500	26,500	D
Options (2017)^F6,F3	$15.41	holding	—	—	—	—	May 17, 2027	Common Stock	16,819	16,819	D
Options (2014)^F5,F2	$3.83	holding	—	—	—	—	Aug 8, 2024	Common Stock	4,695	4,695	D

F1The 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.
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 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.
F4The 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.
F5Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F6Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F7Weighted average sale price. On 9/17/2018, the reporting person sold the shares within a range of $39.71 to $40.24. 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.
F8The shares of common stock were sold by the Reporting Person pursuant to a pre-approved Rule 10b5-1 trading plan to pay the exercise price and tax liability of expiring stock options.