SEC Form 4 · accession 0001140361-15-011695
BOSTON BEER CO INC · SAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Lance
Officer — VP Operations
Period of report
Mar 12, 2015
Accepted (ET)
Mar 13, 2015 · 4:02 pm EDT
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 CommonF1 | Mar 12, 2015 | M | 2,000 | $95.09 | A | 5,342 | D | |
| Class A CommonF1 | Mar 12, 2015 | M | 2,880 | $108.56 | A | 8,222 | D | |
| Class A CommonF1 | Mar 12, 2015 | M | 1,820 | $134.45 | A | 10,042 | D | |
| Class A CommonF2 | Mar 12, 2015 | S | 1,766 | $266.12 | D | 8,276 | D | |
| Class A CommonF3 | Mar 12, 2015 | S | 125 | $267.01 | D | 8,151 | D | |
| Class A Common | Mar 12, 2015 | S | 300 | $268.00 | D | 7,851 | D | |
| Class A CommonF4 | Mar 12, 2015 | S | 970 | $269.29 | D | 6,881 | D | |
| Class A CommonF5 | Mar 12, 2015 | S | 698 | $270.76 | D | 6,183 | D | |
| Class A CommonF6 | Mar 12, 2015 | S | 328 | $271.86 | D | 5,855 | D | |
| Class A CommonF7 | Mar 12, 2015 | S | 1,072 | $272.93 | D | 4,783 | D | |
| Class A CommonF8 | Mar 12, 2015 | S | 74 | $274.48 | D | 4,709 | D | |
| Class A CommonF9 | Mar 12, 2015 | S | 1,030 | $275.73 | D | 3,679 | D | |
| Class A CommonF10 | Mar 12, 2015 | S | 337 | $276.66 | D | 3,342 | 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 OptionF11 | $95.09 | Mar 12, 2015 | M | 2,000 | D | Mar 1, 2012 | Dec 31, 2020 | Class A Common | 5,000 | 0 | D |
| Class A Common Stock OptionF12 | $108.56 | Mar 12, 2015 | M | 2,880 | D | Mar 1, 2013 | Dec 31, 2021 | Class A Common | 4,800 | 1,920 | D |
| Class A Common Stock OptionF13 | $134.45 | Mar 12, 2015 | M | 1,820 | D | Mar 1, 2014 | Dec 31, 2022 | Class A Common | 4,725 | 70 | D |
Explanation of responses
- F1The shares reported include 487 shares of restricted stock subject to vesting conditions.
- F10The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 337 shares is from $276.37 to $276.96. 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.
- F11On 01/01/2011, the Issuer granted the Reporting Person a contingent vesting option of 5,000 shares of Class A Common Stock. The option will vest in five equal installments: The first on on 03/01/2012, the second on 01/01/2013, the third on 01/01/2014, the fourth on 01/01/2015, and the fifth on 01/01/2016.
- F12On 01/01/2012, the Issuer granted the Reporting Person a contingent vesting option of 4,800 shares of Class A Common Stock. The option will vest in five equal installments: The first on on 03/01/2013, the second on 01/01/2014, the third on 01/01/2015, the fourth on 01/01/2016, and the fifth on 01/01/2017.
- F13On 01/01/2013, the Issuer granted the Reporting Person a contingent vesting option of 4,725 shares of Class A Common Stock. The option will vest in five equal installments: The first on on 03/01/2014, the second on 01/01/2015, the third on 01/01/2016, the fourth on 01/01/2017, and the fifth on 01/01/2018.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,766 shares is from $265.53 to $266.50. 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 125 shares is from $266.84 to $267.055. 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 970 shares is from $269.00 to $269.98. 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 698 shares is from $270.05 to $271.00. 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 328 shares is from $271.51 to $272.15. 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 1,072 shares is from $272.53 to $273.37. 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 74 shares is from $274.00 to $274.65. 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.
- F9The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,030 shares is from $275.28 to $276.20. 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.