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Filing Details

Accession Number:: 0001567619-20-007778
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-04-09 16:58:30
Reporting Period:: 2020-04-07

Accepted Time:: 2020-04-09 16:58:30
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1290677	Turning Point Brands Inc.	TPB	Tobacco Products (2100)	133961898

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1409888	L.p. General Standard	767 Fifth Avenue, 12Th Floor New York NY 10153		No	No	Yes	No
1418202	Soohyung Kim	767 Fifth Avenue, 12Th Floor New York NY 10153	See Footnote 3	Yes	Yes	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, $.01 Par Value ("Common Stock")	Acquisiton	2020-04-07	136,545	$20.69	9,978,918	No	4	P	Indirect	See Footnotes
Common Stock	Disposition	2020-04-07	10,095	$20.69	95,224	No	4	J	Direct
Common Stock	Disposition	2020-04-07	136,545	$20.69	416,534	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes
No	4	J	Direct
No	4	S	Indirect	See Footnotes

Footnotes

On April 7, 2020, the Reporting Persons purchased all of the membership interests in a subsidiary of Standard Diversified Inc. ("SDI") from SDI on behalf of private investment vehicles referred to below in exchange for shares of Common Stock of the Issuer, which for purposes of the transaction were valued at the volume weighted average closing price of the Common Stock for the five trading days immediately preceding the transaction.
The securities reported herein are 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.
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.
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 the volume weighted average closing price of the Common Stock for the five trading days immediately preceding the grant date. 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.
Shares owned directly by SDI. As a result of their beneficial ownership of securities of SDI, the Reporting Persons may be deemed to beneficially own shares of Common Stock of Turning Point held by SDI.
Shares held directly by Standard General.