SEC Form 4 · accession 0001140361-16-046255
BOSTON BEER CO INC · SAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin F Roper
Officer — President and CEO · Director
Period of report
Jan 1, 2016
Accepted (ET)
Jan 4, 2016 · 4:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000949870
Table I — non-derivative securities
No Table I lines on this filing.
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 OptionF1,F2 | $201.91 | Jan 1, 2016 | A | 574,507 | A | Jan 1, 2019 | Dec 31, 2025 | Class A Common | 574,507 | 574,507 | D |
Explanation of responses
- F1The exercise price will be determined by multiplying (i) $201.91 by (ii) the DJ Wilshire 5000 Index (or a successor broad market index selected by the Compensation Committee of the Issuer's Board of Directors if the DJ Wilshire 5000 Index ceases to exist) (in either case, the "Index") on the close of business on the trading date next preceding each date on which the Reporting Person exercises the option, plus an escalation factor of 1.5% per annum, divided by the Index on the close of business on December 31, 2015. The minimum exercise price is $201.91.
- F2The option vests in five approximately equal annual installments, with the first on January 1, 2019, and the fifth installment on January 1, 2023, provided that the Reporting Person remains employed by the Issuer on the applicable vesting date.