SEC Form 4 · accession 0001437749-15-017750
NATIONAL BEVERAGE CORP · FIZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cecil D Conlee
Director
Period of report
Sep 23, 2015
Accepted (ET)
Sep 25, 2015 · 4:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000069891
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 23, 2015 | P | 1,600 | $28.38 | A | 27,840 | D |
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 | $17.03 | Sep 24, 2015 | A | 800 | A | Sep 24, 2021 | Sep 24, 2025 | Common Stock | 800 | 34,000 | 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 by Mr. Conlee on September 23, he was granted KEEP options on September 24, 2015. Reference is made to Exhibit 10.8 of the Company's Form 10-K for the year ended May 2, 2015.