H.c. Charles Diao - 14 May 2021 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ H.C. Charles Diao
Issuer symbol
TPB
Transactions as of
14 May 2021
Net transactions value
-$525,317
Form type
4
Filing time
17 May 2021, 16:12:23 UTC
Next filing
22 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Options Exercise $119,864 +31,296 +184% $3.83 48,296 14 May 2021 Direct
transaction TPB Common Stock Tax liability $645,181 -14,090 -29% $45.79 34,206 14 May 2021 Direct

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
transaction TPB Options (2013) Options Exercise $0 -31,296 -100% $0.000000* 0 14 May 2021 Common Stock 31,296 $3.83 Direct F2, F3
holding TPB Options (2014) 10,432 14 May 2021 Common Stock 10,432 $3.83 Direct F1, F3
holding TPB Restricted Stock Units (2021) 785 14 May 2021 Common Stock 785 $47.86 Direct 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 vested and became exercisable as to 50% of the underlying shares on April 5, 2013, 16.66% of the underlying shares on December 31, 2013, 16.66% of the underlying shares on December 31, 2014 and the remaining 16.66% of the underlying shares on December 31, 2015.
F3 Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F4 Granted pursuant to the issuer's 2021 Equity Incentive Plan.