X0306 4 2017-06-01 0001290677 Turning Point Brands, Inc. TPB 0001673345 Helms Thomas F. Jr. TURNING POINT BRANDS, INC. 5201 INTERCHANGE WAY LOUISVILLE KY 40229 true Common Stock 2017-06-01 4 J 0 400000 16.0127 D 1340062 I By Helms Management Corp. Common Stock 2017-06-01 4 J 0 500000 D 840062 I By Helms Management Corp. Common Stock 2500 D The reporting person used 400,000 shares of issuer common stock as partial payment of a loan made to the reporting person and Helms Management Corp. Pursuant to an agreement between the reporting person and the lender, the price per share of the 400,000 shares of issuer common stock used to pay down a portion of the loan was calculated as the 30-calendar day trailing volume weighted average price of the issuer's common stock on the date of payment. The reporting person is Chairman of and owns all of the voting capital stock of Helms Management Corp. The reporting person exchanged 500,000 shares of issuer common stock for 372,624 shares of Class A common stock of Standard Diversified Opportunities Inc., a Delaware corporation ("SDOI"). The exchange ratio used to establish the number of shares of Class A common stock to be issued by SDOI in exchange for the 500,000 shares of issuer common stock was determined by dividing the 30-calendar day trailing volume weighted average price of the issuer's common stock by SDOI's pro forma book value per share, in each case, calculated as of June 1, 2017, the date of the exchange. /s/ Thomas F. Helms, Jr. 2017-06-05