SEC Form 4 · accession 0001140361-16-069572
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
Jun 10, 2016
Accepted (ET)
Jun 13, 2016 · 4:18 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 CommonF5 | Jun 10, 2016 | M | 3,991 | $95.09 | A | 4,428 | D | |
| Class A CommonF2,F5 | Jun 10, 2016 | S | 545 | $156.98 | D | 3,883 | D | |
| Class A CommonF3,F5 | Jun 10, 2016 | S | 1,692 | $158.13 | D | 2,191 | D | |
| Class A CommonF4,F5 | Jun 10, 2016 | S | 1,754 | $158.88 | D | 437 | 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 OptionF6 | $95.09 | Jun 10, 2016 | M | 3,991 | D | Jan 1, 2016 | Dec 31, 2020 | Class A Common | 80,000 | 32,000 | 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 May 9, 2016.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 545 shares is from $156.32 to $157.26. 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 1,692 shares is from $157.50 to $158.47. 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 1,754 shares is from $158.50 to $159.49. 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 shares reported include 437 shares of restricted stock subject to vesting conditions.
- F6The option vests in five annual installments, on January 1 in the years 2016 to 2020, provided that the Reporting Person remains employed by the Company on the applicable vesting dates.