TRUPANION, INC. — Director's Dealing 2020

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRUPANION, INC. (TRUP)
CIK: 0001371285
Period of Report: 2020-02-24

Reporting Person: BEARMAN ASHER (Chief Strategy Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-24	Common Stock	M	1171	—	Acquired	2331	Direct
2020-02-24	Common Stock	F	347	—	Disposed	1984	Direct
2020-02-25	Common Stock	M	1220	—	Acquired	3204	Direct
2020-02-25	Common Stock	F	361	—	Disposed	2843	Direct
2020-02-25	Common Stock	M	8317	—	Acquired	11160	Direct
2020-02-25	Common Stock	F	2046	—	Disposed	9114	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-24	Restricted Stock Unit (RSU)	$32.6	A	1171	Acquired	2020-02-24	Common Stock (1171.0)	Direct
2020-02-24	Restricted Stock Unit (RSU)	$32.6	M	1171	Disposed	2020-02-24	Common Stock (1171.0)	Direct
2020-02-25	Restricted Stock Unit (RSU)	$28.01	M	1220	Disposed	2022-02-25	Common Stock (1220.0)	Direct
2020-02-25	Restricted Stock Unit (RSU)	$29.93	M	8317	Disposed	2023-02-25	Common Stock (8317.0)	Direct

Footnotes

F1: These shares were granted by the Issuer, at the election of the Reporting Person, in lieu of a cash bonus. As such, the shares were fully vested on the date of grant, with the net settled amount subject to a 2-year holding period requirement.

F2: This Form 4 discloses the shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stockunits, and does not represent a sale by the reporting person.

F3: The RSU was fully vested on date of grant.

F4: The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2019, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.

F5: The RSU vests and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2020, after which 1/16th of the total shares vest quarterly, subject to continued service through each vesting date.