SEC Form 4 · accession 0001567619-18-007093
Turning Point Brands, Inc. · TPB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert M. Lavan
Officer — SVP, CFO
Period of report
Nov 29, 2018
Accepted (ET)
Nov 29, 2018 · 12:23 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Nov 29, 2018 | P | 3,500 | $29.86 | A | 3,500 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (2018)F1,F3 | $21.49 | holding | — | — | — | — | Mar 13, 2028 | Common Stock | 26,000 | 26,000 | D |
| Options (2018)F1,F2 | $21.21 | holding | — | — | — | — | Mar 7, 2028 | Common Stock | 9,000 | 9,000 | D |
Explanation of responses
- F1Granted pursuant to the issuer's 2015 Equity Incentive Plan.
- F2The 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.
- F3The options vest and become exercisable as to 34% of the underlying shares on March 13, 2018, 33% of the underlying shares on January 1, 2019 and 33% of the underlying shares on January 1, 2020.