Graham Purdy - Feb 3, 2022 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Chief Operating Officer
Signature
/s/ Graham Purdy
Stock symbol
TPB
Transactions as of
Feb 3, 2022
Transactions value $
$0
Form type
4
Date filed
5/3/2022, 05:14 PM
Previous filing
Oct 29, 2021
Next filing
Mar 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TPB Common Stock 139K Feb 3, 2022 Direct F11

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 +213 $0.00 213 Feb 3, 2022 Common Stock 213 Direct F12, F13
transaction TPB Dividend Equivalent Right Disposed to Issuer -213 -100% 0 Apr 29, 2022 Common Stock 213 Direct F12, F14
holding TPB Options (2022) 12K Feb 3, 2022 Common Stock 12K $30.46 Direct F2, F10
holding TPB Options (2021) 9K Feb 3, 2022 Common Stock 9K $51.75 Direct F4, F9
holding TPB Options (2020) 11K Feb 3, 2022 Common Stock 11K $14.85 Direct F4, F8
holding TPB Options (2019) 5.5K Feb 3, 2022 Common Stock 5.5K $47.58 Direct F4, F7
holding TPB Options (2018) 8.9K Feb 3, 2022 Common Stock 8.9K $21.21 Direct F4, F6
holding TPB Options (2017) 5K Feb 3, 2022 Common Stock 5K $15.41 Direct F4, F5
holding TPB Options (2014) 5.22K Feb 3, 2022 Common Stock 5.22K $3.83 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the issuer's 2006 Equity Plan
F2 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F3 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.
F4 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F5 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.
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, 2020, 33% of the underlying shares on January 1, 2021 and 33% of the underlying shares on January 1, 2022.
F8 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.
F9 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.
F10 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2023, 33% of the underlying shares on January 1, 2024, and 33% of the underlying shares on January 1, 2025.
F11 The total reported in Column 5 includes 2,500 awarded restricted stock units and 136,484 shares of common stock.
F12 Each dividend equivalent right was the economic equivalent of one share of the Company's common stock.
F13 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 213 fully-vested dividend equivalent rights pursuant to the terms of the applicable award agreement.
F14 On April 29, 2022, the dividend equivalent rights were disposed of and cancelled in exchange for a cash payment equal to $7,220.85.