SEC Form 4 · accession 0001140361-16-046829
BOSTON BEER CO INC · SAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Geist
Officer — Chief Sales Officer
Period of report
Jan 5, 2016
Accepted (ET)
Jan 6, 2016 · 12:16 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 CommonF2,F3 | Jan 5, 2016 | M | 24,000 | $95.09 | A | 24,443 | D | |
| Class A CommonF2,F3 | Jan 5, 2016 | S | 7,400 | $194.45 | D | 17,043 | D | |
| Class A CommonF4,F3 | Jan 5, 2016 | S | 5,100 | $194.97 | D | 11,943 | D | |
| Class A CommonF5,F3 | Jan 5, 2016 | S | 7,800 | $196.40 | D | 4,143 | D | |
| Class A CommonF6,F3 | Jan 5, 2016 | S | 2,500 | $197.34 | D | 1,643 | D | |
| Class A CommonF7,F3 | Jan 5, 2016 | S | 1,200 | $199.10 | D | 443 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F8 | $95.09 | Jan 5, 2016 | M | 24,000 | D | Jan 1, 2016 | Dec 31, 2020 | Class A Common | 24,000 | 56,000 | D |
Explanation of responses
- F1The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 9, 2015.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 7,400 shares is from $193.79 to $194.76. 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 shares reported include 293 shares of restricted stock subject to vesting conditions.
- F4The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 5,100 shares is from $194.79 to $195.25. 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 7,800 shares is from $196.04 to $197.00. 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 2,500 shares is from $197.08 to $197.50. 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.
- F7The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,200 shares is from $199.02 to $199.14. 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 option vests in five installments; the first vested on January 1, 2016. The remaining installments will vest on January 1 in each of the years 2017-2020, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.