Form 4 for TPB Turning Point Brands, Inc.
Accepted 2022-03-17 00:00:00 ET · period of report 2022-03-15 · accession 0001567619-22-007148 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022-03-17 | 2022-03-15 | TPB | Standard General L.P. | Former 10% Owner | J - Other | $28.65 | -13.9K | 81.3K | -15% | -$397.6K | |
| I | 2022-03-17 | 2022-03-15 | TPB | Standard General L.P. | Former 10% Owner | S - Sale | $28.65 | -680.0K | 1.57M | -30% | -$19.48M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-15 | J | D | 13,878 | $28.65 | 81,346 | D | — | — | (F3) Represents shares of Common Stock of the Issuer granted by Standard General to David Glazek, a partner of Standard General, which for purposes of the grant were valued at $28.65 per share. (F4) Shares held directly by Standard General. Does not include shares held by Mr. Glazek. Mr. Glazek is also a director of the Issuer and, in that capacity, separately files reports under Section 16. This Form 4 does not report any pecuniary interest of Mr. Glazek in securities of the Issuer. |
| 2 | Common | Common Stock, $.01 par value ("Common Stock") | 2022-03-15 | S | D | 680,000 | $28.65 | 1,569,056 | I See Footnotes | — | — | (F2) Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, and the inclusion of such securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. (F1) The securities reported herein may be deemed to be beneficially owned by Standard General L.P. ("Standard General") in its capacity as investment manager to private investment vehicles. Mr. Kim is a director of the general partner of the general partner of Standard General and Chief Investment Officer of Standard General, and in such capacities may be deemed to indirectly beneficially own the securities reported herein. |