Joseph Kinder - Nov 13, 2020 Form 4 Insider Report for TILE SHOP HOLDINGS, INC. (TTSH)

Role
SVP, Supply Chain & Distribution
Signature
/s/ Joseph Kinder
Stock symbol
TTSH
Transactions as of
Nov 13, 2020
Transactions value $
-$4,025
Form type
4
Date filed
1/6/2023, 06:55 PM
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTSH Common Stock Sale -$4.02K -500 -45.45% $8.05 600 Nov 13, 2020 By Spouse
holding TTSH Common Stock 88.9K Nov 13, 2020 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TTSH Stock Option (Right to Buy) 26.9K Nov 13, 2020 Common Stock 26.9K $8.50 Direct F3
holding TTSH Stock Option (Right to Buy) 50K Nov 13, 2020 Common Stock 50K $8.80 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes (i) 28,494 shares of restricted stock for which the risks of forfeiture will lapse as to 14,247 shares on each of 3/16/23 and 3/16/24; (ii) 5,073 shares of restricted stock for which the risks of forfeiture will lapse as to 2,533 shares on 3/15/23 and 2,540 shares on 3/15/24; (iii) 7,706 shares of restricted stock for which the risks of forfeiture will lapse in three equal annual installments on each of 3/7/23, 3/7/24 and 3/7/25; and
F2 (iv) the following shares of performance-based restricted stock, which are, in each case, subject to Mr. Kinder remaining in continuous employment with the Issuer prior to and as of December 31 of the year preceding the applicable vesting date and the Issuer achieving its performance target for each respective year: (A) 10,649 shares of performance-based restricted stock for which the risks of forfeiture will lapse as to 4,564 and 6,085 shares on each of the dates that the Issuer files its annual report for the years ending December 31, 2022 and 2023, respectively, and (B) 15,411 shares of performance-based restricted stock for which the risks of forfeiture will lapse as to 30%, 30% and 40% of the shares on each of the dates that the Issuer files its annual report for the years ending December 31, 2022, 2023 and 2024, respectively. The Issuer's proxy statement contains additional information regarding the applicable performance targets.
F3 Fully exercisable.

Remarks:

SVP, Supply Chain & Distribution