Graham Purdy - 05 May 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
President & CEO
Signature
/s/ Graham Purdy
Issuer symbol
TPB
Transactions as of
05 May 2023
Net transactions value
+$599,994
Form type
4
Filing time
09 May 2023, 21:19:37 UTC
Previous filing
14 Feb 2023
Next filing
15 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $599,994 +26,966 +18% $22.25 173,812 05 May 2023 Direct F11, F12, F13

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 TPB Options (2022) 12,000 05 May 2023 Common Stock 12,000 $30.46 Direct F2, F10
holding TPB Options (2021) 9,000 05 May 2023 Common Stock 9,000 $51.75 Direct F4, F9
holding TPB Options (2020) 11,000 05 May 2023 Common Stock 11,000 $14.85 Direct F4, F8
holding TPB Options (2019) 5,500 05 May 2023 Common Stock 5,500 $47.58 Direct F4, F7
holding TPB Options (2018) 8,900 05 May 2023 Common Stock 8,900 $21.21 Direct F4, F6
holding TPB Options (2017) 5,000 05 May 2023 Common Stock 5,000 $15.41 Direct F4, F5
holding TPB Options (2014) 5,216 05 May 2023 Common Stock 5,216 $3.83 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the issuer's 2006 Equity Plan
F2 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F3 The 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.
F4 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F5 The 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.
F6 The 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.
F7 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2020, 33% of the underlying shares on January 1, 2021 and 33% of the underlying shares on January 1, 2022.
F8 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2021, 33% of the underlying shares on January 1, 2022, and 33% of the underlying shares on January 1, 2023.
F9 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2022, 33% of the underlying shares on January 1, 2023, and 33% of the underlying shares on January 1, 2024.
F10 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2023, 33% of the underlying shares on January 1, 2024, and 33% of the underlying shares on January 1, 2025.
F11 Represents grant of restricted stock units ("RSUs") pursuant to the issuer's 2021 Equity Incentive Plan. These RSUs will vest 33% on the first, second and third anniversaries of March 31, 2023.
F12 RSUs convert into shares of Common Stock on a 1-for-1 basis.
F13 The total reported in Column 5 includes 29,466 restricted stock units and 144,346 shares of common stock.