SEC Form 4 · accession 0001140361-16-088834
Monster Beverage Corp · MNST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J Kelly
Officer — Senior VP - Monster Energy Co.
Period of report
Dec 1, 2016
Accepted (ET)
Dec 5, 2016 · 4:51 pm EST
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 | Dec 1, 2016 | M | 1,500 | — | A | 18,651 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F14 | $43.64 | Dec 1, 2016 | A | 40,000 | A | — | Dec 1, 2026 | Common Stock | 40,000 | 40,000 | D |
| Restricted Stock UnitsF20,F15,F19,F17 | — | Dec 1, 2016 | M | 1,500 | D | — | — | Common Stock | 1,500 | 1,500 | D |
| Employee Stock Option (right to buy)F3,F4,F5 | $15.71 | holding | — | — | — | — | Mar 14, 2023 | Common Stock | — | 33,750 | D |
| Employee Stock Option (right to buy)F6,F7,F5 | $23.35 | holding | — | — | — | — | Mar 14, 2024 | Common Stock | — | 30,000 | D |
| Employee Stock Option (right to buy)F8,F9,F5 | $37.10 | holding | — | — | — | — | Dec 1, 2024 | Common Stock | — | 45,000 | D |
| Employee Stock Option (right to buy)F10,F11,F5 | $45.16 | holding | — | — | — | — | Mar 13, 2025 | Common Stock | — | 36,000 | D |
| Employee Stock Option (right to buy)F12,F13,F5 | $43.99 | holding | — | — | — | — | Mar 14, 2026 | Common Stock | — | 37,500 | D |
| Restricted Stock UnitsF18,F15,F16,F17,F5 | — | holding | — | — | — | — | — | Common Stock | — | 4,500 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date. Accordingly, these restricted stock units were settled in shares of common stock.
- F10This employee stock option was previously reported as covering 12,000 shares of common stock at an exercise price of $135.48 per share, but was adjusted to reflect the stock split that occurred on November 9, 2016.
- F11The options are currently vested with respect to 7,200 shares. The remaining options vest in four equal installments on March 13, 2017, 2018, 2019 and 2020.
- F12This employee stock option was previously reported as covering 12,500 shares of common stock at an exercise price of $131.96 per share, but was adjusted to reflect the stock split that occurred on November 9, 2016.
- F13The options vest in five installments as follows: 3,750 shares on March 14, 2017;5,625 shares on March 14, 2018; 7,500 shares on March 14, 2019; 9,375 shares on March 14, 2020; 11,250 shares on March 14, 2021.
- F14Granted December 1, 2016 pursuant to the Company's 2011 Stock Option Plan (which is a Rule 16b-3(d)(1) plan) and Equity Grant Procedures. The options vest in five installments as follows: 4,000 shares on December 1, 2017; 6,000 shares on December 1, 2018; 8,000 shares on December 1, 2019; 10,000 shares on December 1, 2020; 12,000 shares on December 1, 2021.
- F15The restricted stock units were granted under the Monster Beverage Corporation 2011 Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date.
- F16The remaining restricted stock units vest on June 1, 2017.
- F17Not applicable.
- F18These restricted stock units were previously reported as covering 1,500 shares of common stock, but were adjusted to reflect the stock split that occurred on November 9, 2016.
- F19The remaining restricted stock units vest on December 1, 2017.
- F2On November 9, 2016, the common stock of Monster Beverage Corporation split 3-for-1, resulting in the reporting person's ownership of 11,434 additional shares of common stock.
- F20These restricted stock units were previously reported as covering 1,000 shares of common stock, but were adjusted to reflect the stock split that occurred on November 9, 2016.
- F3This employee stock option was previously reported as covering 11,250 shares of common stock at an exercise price of $47.13 per share, but was adjusted to reflect the stock split that occurred on November 9, 2016.
- F4The options are currently vested with respect to 9,000 shares. The remaining options vest in two installments as follows: 11,250 shares on March 14, 2017; 13,500 shares on March 14, 2018.
- F5No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- F6This employee stock option was previously reported as covering 10,000 shares of common stock at an exercise price of $70.06 per share, but was adjusted to reflect the stock split that occurred on November 9, 2016.
- F7The options are currently vested with respect to 7,500 shares. The remaining options vest in three installments as follows: 6,000 shares on March 14, 2017; 7,500 shares on March 14, 2018; 9000 shares on March 14, 2019. The options will become exercisable on the one year anniversary from the date on which they vested.
- F8This employee stock option was previously reported as covering 15,000 shares of common stock at an exercise price of $111.30 per share, but was adjusted to reflect the stock split that occurred on November 9, 2016.
- F9The options are currently vested with respect to 4,500 shares. The remaining options vest in four installments as follows: 6,750 shares on December 1, 2016; 9,000 shares on December 1, 2017; 11,250 shares on December 1, 2018; 13,500 shares on December 1, 2019. The options will become exercisable on the one year anniversary from the date on which they vested.