HALL ROBERT H 4
4 · BOSTON BEER CO INC · Filed Jan 5, 2009
Insider Transaction Report
Form 4
HALL ROBERT H
V.P. of Brand Development
Transactions
- Award
Stock Option (Right to Buy)
2009-01-01$28.40/sh+15,000$426,000→ 15,000 totalExercise: $28.40Exp: 2019-01-01→ Class A Common (15,000 underlying)
Footnotes (1)
- [F1]Reporting Person's right to exercise this option is contingent upon the Company's 2009 performance against a benchmark, which performance will be determined by the Compensation Committee of the Company's Board of Directors on or before March 1, 2010. If the Company does not meet the benchmark, the Option shall lapse as to 50% or all of the shares, based on the Committee's determination. If the benchmark is met or exceeded, the Option shall become exercisable as to a maximum of 3,000 shares on 3/1/2010 and 3,000 shares on each of 1/1/2011, 1/1/2012, 1/1/2013 and 1/1/2014, so long as the Reporting Person continues to be employed by the Company on the applicable vesting date.