SEC Form 4 · accession 0001140361-16-049211
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
Jan 28, 2016
Accepted (ET)
Jan 29, 2016 · 4:14 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 | Jan 28, 2016 | M | 10,000 | $101.99 | A | 12,273 | D | |
| Class A CommonF2 | Jan 28, 2016 | S | 1,378 | $169.50 | D | 10,895 | D | |
| Class A CommonF3 | Jan 28, 2016 | S | 1,710 | $170.47 | D | 9,185 | D | |
| Class A CommonF4 | Jan 28, 2016 | S | 987 | $171.71 | D | 8,198 | D | |
| Class A CommonF5 | Jan 28, 2016 | S | 2,964 | $172.49 | D | 5,234 | D | |
| Class A CommonF6 | Jan 28, 2016 | S | 2,522 | $173.50 | D | 2,712 | D | |
| Class A CommonF7 | Jan 28, 2016 | S | 439 | $174.27 | D | 2,273 | 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 OptionF8 | $101.99 | Jan 28, 2016 | M | 10,000 | D | Jan 1, 2014 | Dec 31, 2018 | Class A Common | 753,864 | 372,319 | 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 1,378 shares is from $169.00 to $169.89. 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 1,710 shares is from $170.00 to $170.98. 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.
- F4The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 987 shares is from $171.01 to $172.00. 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.
- F5The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 2,964 shares is from $172.01 to $172.98. 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.
- F6The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 2,522 shares is from $173.03 to $174.00. 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.
- F7The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 439 shares is from $174.16 to $174.67. 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 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. With respect to certain shares, the option expires on December 31, 2017. All options are subject to earlier expiration based on certain contingencies.