SEC Form 4 · accession 0001140361-15-024235
Monster Beverage Corp · MNST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benjamin Polk
Director
Period of report
Jun 12, 2015
Accepted (ET)
Jun 15, 2015 · 1:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000865752
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Jun 12, 2015 | A | 4,863 | — | A | 4,863 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2,F3,F4,F5 | — | Jun 12, 2015 | A | 2,101 | A | — | — | Common Stock | 2,101 | 2,101 | D |
| Stock Option (right to buy)F1,F2,F6 | $19.20 | Jun 12, 2015 | A | 4,334 | A | — | Jun 9, 2020 | Common Stock | 4,334 | 4,334 | D |
| Stock Option (right to buy)F1,F2,F6 | $34.06 | Jun 12, 2015 | A | 2,590 | A | — | May 18, 2021 | Common Stock | 2,590 | 2,590 | D |
Explanation of responses
- F1On June 12, 2015, Monster Beverage Corporation completed a holding company reorganization in which Monster Beverage Corporation ("Old Monster") merged with and into a wholly-owned subsidiary of New Laser Corporation (which has been renamed Monster Beverage Corporation) ("New Monster") with Old Monster continuing as the surviving corporation and as a wholly-owned subsidiary of New Monster (the "Holding Company Reorganization"). In the Holding Company Reorganization, each outstanding common share of Old Monster was disposed of in exchange for one common share of New Monster, and all Old Monster restricted stock units and stock options were disposed of in exchange for an equal number of New Monster restricted stock units and stock options, respectively.
- F2In connection with the transactions consummated on June 12, 2015, immediately after the effective time of the Holding Company Reorganization, New Monster issued to The Coca-Cola Company newly issued common shares of New Monster representing approximately 16.7% of the total number of outstanding New Monster common shares (giving effect to such issuance).
- F3Each restricted stock unit represents either (i) a contingent right to receive one share of the Company's common stock or (ii) a cash amount equal to the number of shares received as of the vesting date.
- F4The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2015 annual shareholder meeting, provided that the reporting person continues as a director of the Company through such date.
- F5Not applicable.
- F6The options are currently vested.