TRUPANION, INC. — Director's Dealing 2020

Nov 26, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION, INC. (TRUP)
CIK: 0001371285
Period of Report: 2020-11-23

Reporting Person: BEARMAN ASHER (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-23	Common Stock	M	2031	$7.78	Acquired	6162	Direct
2020-11-23	Common Stock	S	2031	$96.3469	Disposed	4131	Direct
2020-11-24	Common Stock	M	7169	$7.78	Acquired	11300	Direct
2020-11-24	Common Stock	S	7169	$95.7206	Disposed	4131	Direct
2020-11-24	Common Stock	M	30774	$17.97	Acquired	34905	Direct
2020-11-24	Common Stock	S	30774	$95.7206	Disposed	4131	Direct
2020-11-24	Common Stock	M	10450	$15.46	Acquired	14581	Direct
2020-11-24	Common Stock	S	10450	$95.7206	Disposed	4131	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-23	Stock Option (right to buy)	$7.78	M	2031	Disposed	2025-07-24	Common Stock (2031.0)	Direct
2020-11-24	Stock Option (right to buy)	$7.78	M	7169	Disposed	2025-07-24	Common Stock (7169.0)	Direct
2020-11-24	Stock Option (right to buy)	$17.97	M	30774	Disposed	2027-05-04	Common Stock (30774.0)	Direct
2020-11-24	Stock Option (right to buy)	$15.46	M	10450	Disposed	2026-07-22	Common Stock (10450.0)	Direct

Footnotes

F1: The sales reported were effected in order to allow the reporting person to enter into a real estate purchase.

F2: The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $96.32 to $96.37 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 reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $94.842 to $96.61 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 (3).

F4: This stock option grant is fully vested.

F5: The option vests as to 25% of the total shares on May 4, 2018, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested and exercisable on May 4, 2021, subject to the reporting person's provision of service to the issuer on each vesting date.