TRUPANION, INC. — Director's Dealing 2019

May 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION, INC. (TRUP)
CIK: 0001371285
Period of Report: 2019-05-20

Reporting Person: Tooth Margaret (Chief Revenue Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-20	Common Stock	M	1000	$4.80	Acquired	4693	Direct
2019-05-20	Common Stock	S	1000	$31.3656	Disposed	3693	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-20	Stock Option (right to buy)	$4.8	M	1000	Disposed	2023-11-07	Common Stock (1000.0)	Direct

Footnotes

F1: The exercise and sale reported were effected pursuant to a Rule 10b5-1 trading plan adopted by reporting person on February 19, 2019 in order to implement a plan of financial diversification. Accordingly, the reporting person had no discretion with regard to the timing of the transaction.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.30 to $31.58 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: This stock option grant is fully vested.