SEC Form 4 · accession 0001140361-15-007278
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
Feb 13, 2015
Accepted (ET)
Feb 17, 2015 · 4:04 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 | Feb 13, 2015 | M | 10,000 | $233.60 | A | 11,030 | D | |
| Class A CommonF2 | Feb 13, 2015 | S | 6,465 | $303.28 | D | 4,565 | D | |
| Class A CommonF3 | Feb 13, 2015 | S | 3,271 | $304.11 | D | 1,294 | D | |
| Class A Common | Feb 13, 2015 | S | 264 | $305.00 | 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 OptionF4,F5 | $233.60 | Feb 13, 2015 | M | 10,000 | D | Aug 5, 2014 | Jun 30, 2015 | Class A Common | 10,000 | 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.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 6,465 shares is from $302.73 to $303.65. 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 3,271 shares is from $303.80 to $304.56. 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 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.
- F5With respect to certain shares, the option expires on December 31, 2017. All options are subject to earlier expiration based on certain contingencies.