SEC Form 4 · accession 0001437749-15-012244
NATIONAL BEVERAGE CORP · FIZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cecil D Conlee
Director
Period of report
Jun 10, 2015
Accepted (ET)
Jun 12, 2015 · 5:02 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000069891
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| KEEP STOCK OPTIONF1 | $6.89 | Jun 10, 2015 | A | 2,200 | A | Jun 10, 2021 | Jun 10, 2025 | COMMON STOCK | 4,400 | 33,200 | D |
Explanation of responses
- F1Under the company's Key Employee Equity Partnership Program ("KEEP"), participants receive a grant equal to 50% of the number of shares of the company's common stock purchased on the open market. KEEP options are granted at an initial exercise price of 60% of the purchase price of the shares acquired and such price is reduced to the par value of the common stock over a 6 year vesting period. As a result of open market stock purchases made previously by Mr. Conlee, he was granted KEEP options on June 10, 2015. Reference is made to Exhibit 10.8 of the Company's Form 10-K for the year ended May 3, 2014.