SEC Form 4 · accession 0001562180-19-001172
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
Feb 21, 2019
Accepted (ET)
Feb 21, 2019 · 5:17 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 | Feb 21, 2019 | M | 1,500 | $95.09 | A | 2,522 | D | |
| Class A CommonF2 | Feb 21, 2019 | S | 500 | $305.00 | D | 2,022 | D | |
| Class A CommonF2 | Feb 21, 2019 | S | 500 | $297.50 | D | 1,522 | D | |
| Class A CommonF2 | Feb 21, 2019 | S | 500 | $290.00 | D | 1,022 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F3 | $95.09 | Feb 21, 2019 | M | 1,500 | D | Jan 1, 2016 | Dec 31, 2020 | Class A Common | 1,500 | 8,372 | 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 12, 2018.
- F2The shares reported include 827 shares of restricted stock subject to vesting conditions.
- F3The option vests in five annual installments: the first on January 1, 2016, and the final vesting on January 1, 2020, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.