SEC Form 4 · accession 0001140361-15-038372
BOSTON BEER CO INC · SAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ai-Li Lim
Officer — V.P. of Human Resources
Period of report
Oct 20, 2015
Accepted (ET)
Oct 23, 2015 · 10:00 am 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 CommonF2 | Oct 20, 2015 | M | 2,666 | $99.01 | A | 2,951 | D | |
| Class A CommonF2 | Oct 20, 2015 | S | 1,333 | $250.00 | D | 1,618 | D | |
| Class A CommonF3,F2 | Oct 20, 2015 | S | 1,333 | $257.08 | D | 285 | 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 | $99.01 | Oct 20, 2015 | M | 2,666 | D | Feb 27, 2015 | Feb 26, 2022 | Class A Common | 24,000 | 16,002 | 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 March 11, 2015.
- F2The shares reported include 75 shares of restricted stock subject to vesting conditions.
- F3The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,333 shares is from $256.74 to $257.50. 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.
- F4The option vests in three equal installments of 8,000 shares each: the first on 2/27/2015, the second on 2/27/2016, and the third on 2/27/2017, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date.