Turning Point Brands, Inc. — Director's Dealing 2020

Jul 20, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Turning Point Brands, Inc. (TPB)
CIK: 0001290677
Period of Report: 2020-07-16

Reporting Person: Baxter Gregory H.A. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-07-16	Common Stock	A	12791	—	Acquired	15084	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options (2014)	$3.83	2024-08-08	Common Stock (14344)	14344	Direct
Options (2011)	$3.83	2021-02-15	Common Stock (31296)	31296	Direct

Footnotes

F1: On April 8, 2020, the Issuer entered into an Agreement and Plan of Reorganization (the "Merger Agreement") with Standard Diversified, Inc ("SDI"). On July 16, 2020 (the "Effective Time"), SDI merged with and into the Issuer.

F2: These shares were received in exchange for 4,346 shares of SDI's Class A Common Stock.

F3: Granted pursuant to the Issuer's 2006 Equity Incentive Plan.

F4: The options vested and became exercisable as to 50% of the underlying shares on August 8, 2014, 25% of the underlying shares on August 8, 2015 and 25% of the underlying shares on August 8, 2016.

F5: The options vested and became exercisable as to 50% of the underlying shares on February 15, 2011, 16.68% of the underlying shares on December 31, 2011, 16.66% of the underlying shares on December 31, 2012 and the remaining 16.66% of the underlying shares on December 31, 2013.