SEC Form 4 · accession 0001567619-18-006541

Turning Point Brands, Inc. · TPB

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

Reporting owner

James Michael Murray

Officer — Senior VP, Business Planning

Period of report

Nov 14, 2018

Accepted (ET)

Nov 16, 2018 · 3:48 pm EST

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	Nov 14, 2018	M	1,400	$3.83	A	33,646	D
Common Stock^F7	Nov 14, 2018	S	700	$32.99	D	32,946	D
Common Stock^F8	Nov 14, 2018	S	300	$33.97	D	32,646	D

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Options (2011)^F6,F4	$3.83	Nov 14, 2018	M	1,400	D	—	Aug 25, 2021	Common Stock	1,400	39,491	D
Options (2018)^F5,F1	$21.21	holding	—	—	—	—	Mar 7, 2028	Common Stock	7,500	7,500	D
Options (2017)^F5,F2	$15.41	holding	—	—	—	—	May 17, 2027	Common Stock	6,000	6,000	D
Options (2014)^F6,F3	$3.83	holding	—	—	—	—	Aug 8, 2024	Common Stock	29,731	29,731	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.
F5Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F7Weighted average sale price. On 11/14/2018, the reporting person sold the shares within a range of $32.70 to $33.17. 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.
F8Weighted average sale price. On 11/14/2018, the reporting person sold the shares within a range of $33.70 to $34.39. 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.