Standard General L.P. - 15 Mar 2022 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Signature
/s/ Standard General L.P. by Joseph Mause, Chief Financial Officer
Issuer symbol
TPB
Transactions as of
15 Mar 2022
Net transactions value
-$19,879,605
Form type
4
Filing time
17 Mar 2022, 16:33:57 UTC
Previous filing
28 Feb 2022
Next filing
29 Jul 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock, $.01 par value ("Common Stock") Sale $19,482,000 -680,000 -30% $28.65 1,569,056 15 Mar 2022 See Footnotes F1, F2
transaction TPB Common Stock Other $397,605 -13,878 -15% $28.65 81,346 15 Mar 2022 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Standard General L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The securities reported herein may be deemed to be beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein.
F2 Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
F3 Represents shares of Common Stock of the Issuer granted by Standard General to David Glazek, a partner of Standard General, which for purposes of the grant were valued at $28.65 per share.
F4 Shares held directly by Standard General. Does not include shares held by Mr. Glazek. Mr. Glazek is also a director of the Issuer and, in that capacity, separately files reports under Section 16. This Form 4 does not report any pecuniary interest of Mr. Glazek in securities of the Issuer.