X0306 4 2016-03-11 0 0001552800 TILE SHOP HOLDINGS, INC. TTS 0001555414 NABRON INTERNATIONAL INC. 2ND FLOOR, LE PRINCE DE GALLES 3-5 AVENUE DES CITRONNIERS MONACO O9 MC98000 MONACO 0 0 1 0 Common Stock 2016-03-11 4 S 0 100000 13.8979 D 5978065 D Common Stock 2016-03-14 4 S 0 100000 13.8580 D 5878065 D The price in Column 4 is a weighted average price. The prices actually received ranged from $13.73 to $14.12. Raymond Long Sing Tang, Jill Marie Franklin, and Louise Mary Garbarino are the directors of the reporting person and exercise voting and investment power over these securities. The reporting person and each of its directors disclaim beneficial ownership of these securities except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission that the reporting person or any of its directors is the beneficial owner of such securities for Section 16 or any other purpose. The price in Column 4 is a weighted average price. The prices actually received ranged from $13.59 to $14.14. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price. /s/ Paul D. Broude by Power of Attorney 2015-03-15