SEC Form 4 · accession 0001140361-15-003024
BOSTON BEER CO INC · SAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin F Roper
Officer — President and C.E.O. · Director
Period of report
Jan 27, 2015
Accepted (ET)
Jan 28, 2015 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949870
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common | Jan 27, 2015 | M | 10,000 | $248.45 | A | 11,030 | D | |
| Class A CommonF2 | Jan 27, 2015 | S | 610 | $315.46 | D | 10,420 | D | |
| Class A CommonF3 | Jan 27, 2015 | S | 991 | $316.24 | D | 9,429 | D | |
| Class A CommonF4 | Jan 27, 2015 | S | 2,530 | $317.26 | D | 6,899 | D | |
| Class A CommonF5 | Jan 27, 2015 | S | 2,130 | $318.29 | D | 4,769 | D | |
| Class A CommonF6 | Jan 27, 2015 | S | 1,539 | $319.35 | D | 3,230 | D | |
| Class A CommonF7 | Jan 27, 2015 | S | 900 | $320.14 | D | 2,330 | D | |
| Class A Common | Jan 27, 2015 | S | 400 | $321.00 | D | 1,930 | D | |
| Class A CommonF8 | Jan 27, 2015 | S | 800 | $322.17 | D | 1,130 | D | |
| Class A Common | Jan 27, 2015 | S | 100 | $323.00 | D | 1,030 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class A Common Stock OptionF9,F10 | $248.45 | Jan 27, 2015 | M | 10,000 | D | Aug 5, 2014 | Jun 30, 2015 | Class A Common | 10,000 | 130,773 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 5, 2014.
- F10With respect to certain shares, the option expires on December 31, 2017. All options are subject to earlier expiration based on certain contingencies.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 610 shares is from $314.77 to $315.67. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F3The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 991 shares is from $315.97 to $316.46. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F4The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 2,530 shares is from $317.00 to $317.75. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F5The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 2,130 shares is from $318.00 to $318.99. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F6The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,539 shares is from $319.00 to $319.82. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F7The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 900 shares is from $320.00 to $320.41. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F8The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 800 shares is from $322.00 to $322.45. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
- F9The option vests in 5 equal installments; the first on January 1, 2014, and the final vesting on January 1, 2018, subject to the Reporting Person remaining employed by the Issuer on the applicable vesting date.