SEC Form 4 · accession 0001140361-16-080616
BOSTON BEER CO INC · SAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David L. Grinnell
Officer — Vice President of Brewing
Period of report
Sep 22, 2016
Accepted (ET)
Sep 23, 2016 · 4:22 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 CommonF4 | Sep 22, 2016 | M | 1,000 | $95.09 | A | 4,099 | D | |
| Class A CommonF2,F4 | Sep 22, 2016 | S | 800 | $152.19 | D | 3,299 | D | |
| Class A CommonF3,F4 | Sep 22, 2016 | S | 200 | $154.05 | D | 3,099 | 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 OptionF5 | $95.09 | Sep 22, 2016 | M | 1,000 | D | Jan 1, 2016 | Dec 31, 2020 | Class A Common | 30,000 | 26,000 | 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 800 shares is from $151.50 to $152.46. 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 200 shares is from $153.84 to $154.25. 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.
- F4The shares reported include 437 shares of restricted stock subject to vesting conditions.
- F5The 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.