HALL ROBERT H 4
4 · BOSTON BEER CO INC · Filed Jan 3, 2006
Insider Transaction Report
Form 4
HALL ROBERT H
V.P. of Brand Development
Transactions
- Award
Stock Option (Right to Buy)
2006-01-01$24.95/sh+18,000$449,100→ 18,000 totalExercise: $24.95→ Class A Common (18,000 underlying)
Footnotes (1)
- [F1]Reporting Person's right to exercise this option is contingent upon the Company's 2006 performance against a benchmark, which performance will be determined by the Company's Board of Directors on or before March 1, 2007. If the Company does not meet the benchmark, the Option shall lapse as to 50% or all of the shares, based on the Board's determination. If the benchmark is met or exceeded, the option may become exercisable as to a maximum of 3,600 shares on each March 1, 2007 and January 1 in each of the years 2008, 2009, 2010 and 2011, so long as the Reporting Person continues to be employed by the Company on the applicable vesting date.