TRUPANION, INC. — Director's Dealing 2015

Dec 1, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION INC. (TRUP)
CIK: 0001371285
Period of Report: 2015-11-27

Reporting Person: SUSEN CRAIG (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-27	Common Stock	M	2657	$4.05	Acquired	3657	Indirect
2015-11-27	Common Stock	S	2657	$8.1318	Disposed	1000	Indirect
2015-11-30	Common Stock	M	49365	$4.05	Acquired	50365	Indirect
2015-11-30	Common Stock	S	49365	$8.1949	Disposed	1000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-27	Stock Option (right to buy)	$4.05	M	2657	Disposed	2023-02-04	Common Stock (2657.0)	Indirect
2015-11-30	Stock Option (right to buy)	$4.05	M	49365	Disposed	2023-02-04	Common Stock (49365.0)	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 $8.1531 to $8.2953 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.