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

Role
Director
Signature
/s/ H.C. Charles Diao
Stock symbol
TPB
Transactions as of
May 14, 2021
Transactions value $
-$525,317
Form type
4
Date filed
5/17/2021, 04:12 PM
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Options Exercise $120K +31.3K +184.09% $3.83 48.3K May 14, 2021 Direct
transaction TPB Common Stock Tax liability -$645K -14.1K -29.17% $45.79 34.2K May 14, 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 -31.3K -100% $0.00* 0 May 14, 2021 Common Stock 31.3K $3.83 Direct F2, F3
holding TPB Options (2014) 10.4K May 14, 2021 Common Stock 10.4K $3.83 Direct F1, F3
holding TPB Restricted Stock Units (2021) 785 May 14, 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.