SEC Form 4 · accession 0001140361-17-000808
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 4, 2017
Accepted (ET)
Jan 5, 2017 · 5:47 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 CommonF6 | Jan 4, 2017 | M | 8,000 | $95.09 | A | 8,268 | D | |
| Class A CommonF2,F6 | Jan 4, 2017 | S | 3,155 | $172.44 | D | 5,113 | D | |
| Class A CommonF3,F6 | Jan 4, 2017 | S | 2,456 | $173.67 | D | 2,657 | D | |
| Class A CommonF4,F6 | Jan 4, 2017 | S | 1,614 | $174.66 | D | 1,043 | D | |
| Class A CommonF5,F6 | Jan 4, 2017 | S | 775 | $175.27 | D | 268 | 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 OptionF7 | $95.09 | Jan 4, 2017 | M | 8,000 | 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 November 7, 2016.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 3,155 shares is from $171.95 to $172.85. 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 2,456 shares is from $173.15 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.
- F4The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,614 shares is from $174.15 to $175.00. 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 775 shares is from $175.15 to $175.50. 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.
- F6The shares reported include 268 shares of restricted stock subject to vesting conditions.
- F7The 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.