Form Type: 4

SEC EDGAR Link
Accession Number:0001567619-23-003011
Date:2023-02-10
Issuer: TURNING POINT BRANDS, INC. (TPB)
Original Submission Date:

Reporting Person:

WEXLER LAWRENCE
393 CARTER STREET
CANAAN, CT 06840

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 2023-02-10 A 25,000 a $22.71 402,378 direct
COMMON STOCK 2023-02-10 F 7,977 d $22.71 394,401 direct
COMMON STOCK 2023-02-10 A 1,106 a $22.71 395,507 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
OPTIONS (2021) 51.75 deemed execution date 0 ( ) 2031-02-18 common stock 15,900 $51.75 15,900 direct
OPTIONS 2020 14.85 deemed execution date 0 ( ) 2030-03-18 common stock 20,000 $14.85 20,000 direct
OPTIONS (2019) 47.58 deemed execution date 0 ( ) 2029-03-20 common stock 35,500 $47.58 35,500 direct
OPTIONS (2018) 21.21 deemed execution date 0 ( ) 2028-03-07 common stock 26,500 $21.21 26,500 direct
OPTIONS (2017) 15.41 deemed execution date 0 ( ) 2027-05-17 common stock 16,819 $15.41 16,819 direct
OPTIONS (2014) 3.83 deemed execution date 0 ( ) 2024-08-08 common stock 4,695 $3.83 4,695 direct
Footnotes
IDfootnote
f1 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.
f2 the options vest and become exercisable as to 34% of the underlying shares on january 1, 2018, 33% of the underlying shares on january 1, 2019 and 33% of the underlying shares on january 1, 2020.
f3 the options vest and become exercisable as to 34% of the underlying shares on january 1, 2019, 33% of the underlying shares on january 1, 2020 and 33% of the underlying shares on january 1, 2021.
f4 granted pursuant to the issuer's 2006 equity incentive plan.
f5 granted pursuant to the issuer's 2015 equity incentive plan.
f6 the options vest and become exercisable as to 34% of the underlying shares on january 1, 2020, 33% of the underlying shares on january 1, 2021 and 33% of the underlying shares on january 1, 2022.
f7 the options vest and become exercisable as to 34% of the underlying shares on january 1, 2021, 33% of the underlying shares on january 1, 2022 and 33% of the underlying shares on january 1, 2023.
f8 the options vest and become exercisable as to 34% of the underlying shares on january 1, 2022, 33% of the underlying shares on january 1, 2023 and 33% of the underlying shares on january 1, 2024.
f9 represents shares issued upon settlement of performance restricted stock units granted to the reporting person in march 2018. the compensation committee of the board of directors determined that the performance criteria were met on february 10, 2022. the total reported in column 5 includes 3,475 restricted stock units and 398,903 shares of common stock.
f10 the reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on february 10, 2023. the total reported in column 5 includes 3,475 restricted stock units and 390,926 shares of common stock.
f11 the reported transaction involves shares received as dividends related to performance restricted stock units that the performance criteria were met on february 10, 2023. the total reported in column 5 includes 3,475 restricted stock units and 392,032 shares of common stock.
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