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

Reporting relationship: Former 10% Owner
Issuer ticker: TPB
Reported as of: 15 Mar 2022
Net transaction value: -$19,879,605
SEC form: 4
Accepted by SEC: 17 Mar 2022, 16:33:57 UTC
Prior SEC filing: 28 Feb 2022
Next SEC filing: 29 Jul 2022
Source filing: View source filing
Reporting owner signature: /s/ Standard General L.P. by Joseph Mause, Chief Financial Officer

Key filing fact

Standard General L.P. filed Form 4 for Turning Point Brands, Inc. (TPB) on 17 Mar 2022.

Key facts

This page summarizes Standard General L.P.'s Form 4 filing for Turning Point Brands, Inc. (TPB).
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 17 Mar 2022, 16:33.

Change

Previous filing in this sequence was filed on 28 Feb 2022.
Current net transaction value: -$19,879,605.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TPB transaction

Common Stock, $.01 par value ("Common Stock")

Sale

Transaction value: $19,482,000
Shares: -680,000
Change %: -30%
Price: $28.65
Shares after: 1,569,056
Date: 15 Mar 2022
Ownership: See Footnotes
Footnotes: F1, F2

TPB transaction

Common Stock

Other

Transaction value: $397,605
Shares: -13,878
Change %: -15%
Price: $28.65
Shares after: 81,346
Date: 15 Mar 2022
Ownership: Direct
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Standard General L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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.

Footnote 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.

Footnote 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.

Footnote 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.