STANDARD DIVERSIFIED INC. 4
4 · Turning Point Brands, Inc. · Filed Jul 15, 2020
Insider Transaction Report
Form 4
STANDARD DIVERSIFIED INC.
10% Owner
Transactions
- Sale
Common Stock
2020-07-13$22.44/sh−1,800,000$40,396,500→ 8,178,918 total
Footnotes (2)
- [F1]This sale was matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with a purchase of the common stock of the issuer by the reporting person within the past six months. The reporting person and the Issuer have entered into an agreement under which the reporting person has made arrangements to remit to the issuer the full amount of the reporting person's pecuniary interest in the disgorgeable profit arising from such transaction.
- [F2]The reporting person sold these shares as part of a public offering of an aggregate of 2,000,000 shares of the issuer's common stock. The price per share reflects the public offering price of $23.50 per share, net of the 4.5% underwriting discount.