X0306 4 2017-07-13 0001552800 TILE SHOP HOLDINGS, INC. TTS 0001526378 KRASNOW TODD C/O TILE SHOP HOLDINGS, INC. 14000 CARLSON PARKWAY PLYMOUTH MN 55441 1 0 0 0 Common Stock 2017-07-13 4 A 0 2897 0 A 87096 D Common Stock 8000 I By Hobart Road Charitable Remainder CRUT Common Stock 2000 I By Todd & Deborah Krasnow Charitable Remainder CRUT Common Stock 2600 I By Spouse Represents 2,897 shares of restricted stock granted pursuant to the Company's 2012 Omnibus Award Plan, which are subject to a purchase option in favor of the Company until the earlier of (a) the date of the Company's next annual meeting of stockholders and (2) July 13, 2018. 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. /s/ John R. Houston, as Attorney-in-Fact for Todd Krasnow pursuant to Power of Attorney previously filed. 2017-07-17