SEC Form 4 · accession 0001562180-18-000267
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 8, 2018
Accepted (ET)
Jan 9, 2018 · 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 8, 2018 | M | 10,000 | $116.81 | A | 42,273 | D | |
| Class A CommonF2 | Jan 8, 2018 | S | 3,064 | $185.34 | D | 39,209 | D | |
| Class A CommonF3 | Jan 8, 2018 | S | 1,836 | $186.73 | D | 37,373 | D | |
| Class A CommonF4 | Jan 8, 2018 | S | 4,100 | $187.58 | D | 33,273 | D | |
| Class A CommonF5 | Jan 8, 2018 | S | 1,000 | $188.28 | D | 32,273 | 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 OptionF6 | $116.81 | Jan 8, 2018 | M | 10,000 | D | Jan 1, 2014 | Dec 31, 2018 | Class A Common | 10,000 | 130,773 | 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 3, 2017. The Rule 10b5-1 trading plan and the transactions contemplated thereby were approved by unanimous consent of the Class B Stockholders of the Company.
- F2The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 3,064 shares is from $185.00 to $185.95. 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.
- F3The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 1,836 shares is from $186.10 to $187.05. 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 4,100 shares is from $187.10 to $188.00. 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 1,000 shares is from $188.10 to $188.50. 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 option vested in five equal installments: the first on January 1, 2014, and the final installment vested on January 1, 2018. All options are subject to earlier expiration based on certain contingencies.