SEC Form 4 · accession 0001562180-18-000127
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 2, 2018
Accepted (ET)
Jan 3, 2018 · 4:49 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 | Jan 2, 2018 | M | 8,000 | $95.09 | A | 9,576 | D | |
| Class A CommonF3,F2 | Jan 2, 2018 | S | 4,264 | $187.37 | D | 5,312 | D | |
| Class A CommonF4,F2 | Jan 2, 2018 | S | 265 | $188.14 | D | 5,047 | D | |
| Class A CommonF5,F2 | Jan 2, 2018 | S | 2,271 | $189.21 | D | 2,776 | D | |
| Class A CommonF2 | Jan 2, 2018 | S | 1,317 | $190.00 | D | 1,459 | 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 | Jan 2, 2018 | M | 8,000 | D | Jan 1, 2016 | Dec 31, 2020 | Class A Common | 8,000 | 16,000 | 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 October 31, 2017.
- F2The shares reported include 1,459 shares of restricted stock subject to vesting conditions.
- F3The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 4,264 shares is from $187.00 to $187.95. 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 265 shares is from $188.00 to $188.90. 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 2,271 shares is from $189.00 to $189.80. 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 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.