Brittani Cushman - 28 Oct 2021 Form 4/A - Amendment Insider Report for Turning Point Brands, Inc. (TPB)

Role
Sr VP, General Counsel
Signature
/s/ Brittani Cushman
Issuer symbol
TPB
Transactions as of
28 Oct 2021
Net transactions value
+$19,108
Form type
4/A - Amendment
Filing time
29 Oct 2021, 14:20:35 UTC
Date Of Original Report
28 Oct 2021
Next filing
07 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 Purchase $19,108 +500 +515% $38.22 597 28 Oct 2021 Direct
holding TPB Common Stock 407 28 Oct 2021 By Spouse F1

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) 7,000 28 Oct 2021 Common Stock 7,000 $51.75 Direct F3
holding TPB Options (2020) 6,000 28 Oct 2021 Common Stock 6,000 $14.85 Direct F2, F4
holding TPB Options (2019) 4,800 28 Oct 2021 Common Stock 4,800 $47.58 Direct F2, F5
holding TPB Options (2018) 4,500 28 Oct 2021 Common Stock 4,500 $21.21 Direct F2, F6
holding TPB Options (2017) 3,250 28 Oct 2021 Common Stock 3,250 $15.41 Direct F2, F7
holding TPB Options (2017) 20,000 28 Oct 2021 Common Stock 20,000 $13.00 Direct F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
F2 Granted pursuant to the issuer's 2015 Equity Incentive Plan
F3 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.
F4 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.
F5 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.
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, 2018, 33% of the underlying shares on January 1, 2019 and 33% of the underlying shares on January 1, 2020.

Remarks:

1. This amendment is being filed to correct an error in the transaction code for the subject transaction used in the initial filing. The initial filing mistakenly used a transaction code of A for the subject transaction as opposed to the proper code for the transaction of P.