TRUPANION, INC. — Director's Dealing 2016

Feb 24, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION INC. (TRUP)
CIK: 0001371285
Period of Report: 2016-02-22

Reporting Person: SUSEN CRAIG (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-22	Common Stock	M	10442	$4.05	Acquired	10442	Direct
2016-02-22	Common Stock	S	10442	$9.4636	Disposed	0	Direct
2016-02-22	Common Stock	M	3343	$4.80	Acquired	3343	Direct
2016-02-22	Common Stock	S	3343	$9.25	Disposed	0	Direct
2016-02-23	Common Stock	M	6994	$4.05	Acquired	6994	Direct
2016-02-23	Common Stock	S	6994	$8.8537	Disposed	0	Direct
2016-02-24	Common Stock	M	4076	$4.05	Acquired	4076	Direct
2016-02-24	Common Stock	S	4076	$8.6692	Disposed	0	Direct
2016-02-24	Common Stock	M	7897	$4.80	Acquired	7897	Direct
2016-02-24	Common Stock	S	7897	$8.6692	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-22	Stock Option (right to buy)	$4.05	M	10442	Disposed	2023-02-04	Common Stock (10442.0)	Direct
2016-02-22	Stock Option (right to buy)	$4.8	M	3343	Disposed	2023-11-07	Common Stock (3343.0)	Direct
2016-02-23	Stock Option (right to buy)	$4.05	M	6994	Disposed	2023-02-04	Common Stock (6994.0)	Direct
2016-02-24	Stock Option (right to buy)	$4.05	M	4076	Disposed	2023-02-04	Common Stock (4076.0)	Direct
2016-02-24	Stock Option (right to buy)	$4.8	M	7897	Disposed	2023-11-07	Common Stock (7897.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect

Footnotes

F1: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.4500 to $9.5300 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.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.7500 to $9.0900 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.

F3: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $8.6500 to $8.7500 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.

F4: 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.

F5: The option vests as to 25% of the total shares on November 8, 2014, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on November 8, 2017, subject to the reporting person's provision of service to the issuer on each vesting date.