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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1552800	Tile Shop Holdings Inc.	TTS	Retail-Home Furniture, Furnishings & Equipment Stores (5700)	455538095

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1526378	Todd Krasnow	C/O Tile Shop Holdings, Inc. 14000 Carlson Parkway Plymouth MN 55441		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2013-04-22	28,103	$11.50	183,434	No	4	X	Direct
Common Stock	Disposition	2013-04-22	15,405	$20.98	168,029	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	X	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Common Stock Warrants (Right to Buy)	Disposition	2013-04-22	28,103	$0.00	28,103	$11.50

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-09-20	2017-08-21	No	4	X	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	100	Indirect	By Spouse
Common Stock	100	Indirect	By Son

Footnotes

On April 22, 2013, the reporting person exercised a warrant to purchase 28,103 shares of Issuer common stock for $11.50 a share. The reporting person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 15,405 of the warrant shares to pay the exercise price and issuing to the reporting person the remaining 12,698 shares.
These securities are owned by reporting person's spouse. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.
These securities are owned by reporting person's son. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for Section 16 or any other purpose.