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Filing Details

Accession Number:: 0001140361-17-023816
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-06-05 17:25:20
Reporting Period:: 2017-06-01

Filing Date:: 2017-06-05
Accepted Time:: 2017-06-05 17:25:20
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	2017-06-01	400,000	$16.01	9,342,373	No	4	J	Indirect	See Footnotes
Common Stock	Disposition	2017-06-01	9,342,373	$16.01	0	No	4	S	Indirect	See Footnotes
Common Stock	Acquisiton	2017-06-01	9,842,373	$16.01	9,842,373	No	4	J	Indirect	See Footnotes

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

Footnotes

Shares previously beneficially owned by the Reporting Persons were disposed of pursuant to the terms of a Contribution and Exchange Agreement among Standard Diversified Opportunities Inc. (formerly known as Special Diversified Opportunities Inc.) ("SDOI"), the Reporting Persons and other parties, as previously disclosed in public filings made by SDOI and the Reporting Persons, in exchange for securities of SDOI. For purposes of such transaction, shares of Common Stock were valued at $16.0127 per share (the "Per Share Closing Value").
The securities reported herein are beneficially owned by Standard General L.P. ("Standard General"). 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. This Form 4 does not include any securities of the Issuer held by another private investment vehicle for which Standard General provides investment advice but with respect to which neither of the Reporting Persons has a pecuniary interest.
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.
This Form 4 does not report any pecuniary interest of David Glazek in securities of the Issuer. Mr. Glazek, a director of the Issuer and a partner of Standard General, separately files reports under Section 16.
Shares acquired in partial repayment of a previously disclosed loan agreement. For purposes of such acquisition, the shares of Turning Point common Stock were valued at the Per Share Closing Value.
Shares owned directly by SDOI. SDOI acquired such shares pursuant to the terms of the Contribution and Exchange Agreement described in Footnote (1) above. For purposes of such acquisition, the shares were valued at the Per Share Closing Value. As a result of their beneficial ownership of securities of SDOI, the Reporting Persons may be deemed to beneficially own shares of Common Stock of Turning Point held by SDOI.