SEC Form 4 · accession 0001140361-18-027914
Monster Beverage Corp · MNST
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Norman Epstein
Director
Period of report
Jun 6, 2018
Accepted (ET)
Jun 8, 2018 · 5:41 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 StockF2 | Jun 6, 2018 | J | 24,000 | — | D | 0 | I | By Shoreland Investments Limited |
| Common StockF1 | holding | — | — | — | 14,280 | 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 UnitsF3,F4 | — | Jun 6, 2018 | M | 3,244 | D | Jun 6, 2018 | — | Common Stock | 3,244 | 0 | D |
| Restricted Stock UnitsF5,F6,F4 | — | Jun 7, 2018 | A | 3,123 | A | — | — | Common Stock | 3,123 | 3,123 | D |
| Deferred Stock UnitsF8,F3,F7,F9 | — | Jun 6, 2018 | A | 3,244 | A | — | — | Common Stock | 3,244 | 3,244 | D |
Explanation of responses
- F1No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.
- F2The reporting person is no longer a director of Shoreland Investments Limited and, accordingly, disclaims beneficial ownership of these securities.
- 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. These restricted stock units were settled as shares of common stock and the Reporting Person has elected to defer the same, see footnote 9 below.
- F4Not applicable.
- F5Each 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.
- F6The restricted stock units vest with respect to 100% of such restricted stock units on the last business day prior to the Company's 2019 annual shareholder meeting, provided that the reporting person continues as a director of the Company through such date.
- F7Each Deferred Stock Unit is economically equivalent to one share of Common Stock.
- F8Deferred Stock Units credited to the reporting person under the Monster Beverage Corporation Deferred Compensation Plan for Non-Employee Directors (the "Deferral Plan"), a sub-plan of the Monster Beverage Corporation 2017 Compensation Plan for Non-Employee Directors, effective May 1, 2017, which may include voluntary deferred compensation.
- F9The Deferred Stock Units credited under the Deferral Plan are settled (other than fractional units) in stock and are generally payable in the form elected or provided under the Deferral Plan on the earliest of: (i) a specified date or event designated by the reporting person, (ii) in the calendar year following the year in which the reporting person's service with the Board separates, or (iii) upon death, disability or change in control as defined under the Deferral Plan.