Lawrence Wexler - 03 Feb 2022 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Lawrence Wexler
Issuer symbol
TPB
Transactions as of
03 Feb 2022
Net transactions value
$0
Form type
4
Filing time
03 May 2022, 17:11:27 UTC
Previous filing
29 Oct 2021
Next filing
16 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TPB Common Stock 377,378 03 Feb 2022 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
transaction TPB Dividend Equivalent Right Award $0 +671 $0.000000 671 03 Feb 2022 Common Stock 671 Direct F10, F11
transaction TPB Dividend Equivalent Right Disposed to Issuer -671 -100% 0 29 Apr 2022 Common Stock 671 Direct F10, F12
holding TPB Options (2021) 15,900 03 Feb 2022 Common Stock 15,900 $51.75 Direct F5, F8
holding TPB Options 2020 20,000 03 Feb 2022 Common Stock 20,000 $14.85 Direct F5, F7
holding TPB Options (2019) 35,500 03 Feb 2022 Common Stock 35,500 $47.58 Direct F5, F6
holding TPB Options (2018) 26,500 03 Feb 2022 Common Stock 26,500 $21.21 Direct F3, F5
holding TPB Options (2017) 16,819 03 Feb 2022 Common Stock 16,819 $15.41 Direct F2, F5
holding TPB Options (2014) 4,695 03 Feb 2022 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 total reported in Column 5 includes 3,475 awarded restricted stock units and 373,903 shares of common stock.
F10 Each dividend equivalent right was the economic equivalent of one share of the Company's common stock.
F11 In connection with the vesting and settlement of previously-granted performance-based restricted stock units, which settled in shares of the Company's common stock on February 3, 2022, the reporting person acquired 671 fully-vested dividend equivalent rights pursuant to the terms of the applicable award agreement.
F12 On April 29, 2022, the dividend equivalent rights were disposed of and cancelled in exchange for a cash payment equal to $22,746.08.