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
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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. Shares held directly by Standard General.