TRUPANION, INC. — Director's Dealing 2015

Nov 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION INC. (TRUP)
CIK: 0001371285
Period of Report: 2015-11-24

Reporting Person: SUSEN CRAIG (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-24	Common Stock	M	30000	$4.05	Acquired	31000	Indirect
2015-11-24	Common Stock	S	30000	$8.2558	Disposed	1000	Indirect
2015-11-25	Common Stock	M	7977	$4.05	Acquired	8977	Indirect
2015-11-25	Common Stock	S	7977	$8.3533	Disposed	1000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-24	Stock Option (right to buy)	$4.05	M	30000	Disposed	2023-02-04	Common Stock (30000.0)	Indirect
2015-11-25	Stock Option (right to buy)	$4.05	M	7977	Disposed	2023-02-04	Common Stock (7977.0)	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$4.05	2023-02-04	Common Stock (40000.0)	40000	Direct

Footnotes

F1: Includes 1,000 shares previously held by the Reporting Person's wife.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.2100 to $8.2561 per share, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (2).

F3: The option vested as to 25% of the total shares on October 1, 2013, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on October 1, 2016, subject to the individual's provision of service to the issuer on each vesting date.