Form Type: 4

SEC EDGAR Link
Accession Number:0001104659-22-059463
Date:2022-05-11
Issuer: TILE SHOP HOLDINGS, INC. (TTSH)
Original Submission Date:

Reporting Person:

LOLMAUGH CABELL
C/O TILE SHOP HOLDINGS, INC.
14000 CARLSON PARKWAY PLYMOUTH, MN 55441

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2022-05-11 P 4,375 a $4.56 205,127 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
STOCK OPTION (RIGHT TO BUY) 10.0 deemed execution date 0 ( ) 2022-08-21 common stock 2,750 $10.00 2,750 direct
STOCK OPTION (RIGHT TO BUY) 14.19 deemed execution date 0 ( ) 2022-07-14 common stock 1,613 $14.19 1,613 direct
STOCK OPTION (RIGHT TO BUY) 8.5 deemed execution date 0 ( ) 2027-11-06 common stock 26,900 $8.50 26,900 direct
STOCK OPTION (RIGHT TO BUY) 5.55 deemed execution date 0 ( ) 2028-02-22 common stock 56,000 $5.55 56,000 direct
STOCK OPTION (RIGHT TO BUY) 6.26 deemed execution date 0 ( ) 2029-02-20 common stock 97,067 $6.26 97,067 direct
Footnotes
IDfootnote
f1 includes (i) 56,988 shares of restricted stock for which the risks of forfeiture will lapse as to 28,494 shares on each of 3/16/23 and 3/16/24; (ii) 10,147 shares of restricted stock for which the risks of forfeiture will lapse as to 5,066 shares on 3/15/23 and 5,081 shares on 3/15/24; (iii) 15,411 shares of restricted stock for which the risks of forfeiture will lapse in three equal annual installments on each of 3/7/23, 3/7/24 and 3/7/25; and
f2 (iv) the following shares of performance-based restricted stock, which are, in each case, subject to mr. lolmaugh remaining in continuous employment with the issuer prior to and as of december 31 of the year preceding the applicable vesting date and the issuer achieving its performance target for each respective year: (a) 21,299 shares of performance-based restricted stock for which the risks of forfeiture will lapse as to 9,128 and 12,171 shares on each of the dates that the issuer files its annual report for the years ending december 31, 2022 and 2023, respectively, and (b) 30,823 shares of performance-based restricted stock for which the risks of forfeiture will lapse as to 30%, 30% and 40% of the shares on each of the dates that the issuer files its annual report for the years ending december 31, 2022, 2023 and 2024, respectively. the issuer's proxy statement contains additional information regarding the applicable performance targets.
f3 fully exercisable.
f4 options to purchase 24,267 shares vest on 2/20/23.
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