SEC Form 4 · accession 0001437749-16-025109
NATIONAL BEVERAGE CORP · FIZZ
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George R Bracken
Officer — EVP - FINANCE
Period of report
Feb 8, 2016
Accepted (ET)
Feb 10, 2016 · 5:30 pm EST
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 STOCKF1 | Feb 8, 2016 | X | 4,800 | $1.25 | A | 133,898 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Special Stock OptionF1 | $1.25 | Feb 8, 2016 | X | 4,800 | D | — | Feb 12, 2016 | COMMON STOCK | 4,800 | 23,000 | D |
Explanation of responses
- F1Options granted under the Company's Special Stock Option Plan vest over an eight-year period in relatively equal amounts at approximately 16 month intervals. The exercise price can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors. Mr. Bracken's option was granted on February 13, 2006, became fully vested on October 13, 2013, and was set to expire on February 12, 2016. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended May 2, 2015.