Lawrence Wexler - 08 May 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Lawrence Wexler
Issuer symbol
TPB
Transactions as of
08 May 2023
Net transactions value
+$70,012
Form type
4
Filing time
10 May 2023, 21:16:27 UTC
Previous filing
14 Feb 2023
Next filing
05 Feb 2024
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 $70,012 +3,216 +0.9% $21.77 360,723 08 May 2023 Direct F9

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 (2021) 15,900 08 May 2023 Common Stock 15,900 $51.75 Direct F5, F8
holding TPB Options (2020) 20,000 08 May 2023 Common Stock 20,000 $14.85 Direct F5, F7
holding TPB Options (2019) 35,500 08 May 2023 Common Stock 35,500 $47.58 Direct F5, F6
holding TPB Options (2018) 26,500 08 May 2023 Common Stock 26,500 $21.21 Direct F3, F5
holding TPB Options (2017) 16,819 08 May 2023 Common Stock 16,819 $15.41 Direct F2, F5
holding TPB Options (2014) 4,695 08 May 2023 Common Stock 4,695 $3.83 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.
F4 Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F5 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6 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.
F7 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.
F8 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.
F9 The reported transaction involved the reporting person's receipt of a grant of 3,216 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly 3,216 awarded restricted stock units and 357,507 shares of common stock.