4//SEC Filing
Knecht Edward F 4
Accession 0001209191-10-002053
CIK 0000069891other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 5:47 PM ET
Size
7.7 KB
Accession
0001209191-10-002053
Insider Transaction Report
Form 4
Knecht Edward F
Executive VP - Procurement
Transactions
- Exercise of In-Money
COMMON STOCK
2010-01-04$1.37/sh+13,320$18,248→ 88,080 total - Exercise of In-Money
SPECIAL STOCK OPTION
2010-01-04$1.37/sh−13,320$18,248→ 7,320 totalExercise: $1.37From: 2002-11-06Exp: 2011-07-05→ COMMON STOCK (13,320 underlying)
Footnotes (1)
- [F1]Options granted under the Company's Special Stock Option Plan vest over an 8 year period in relatively equal amounts at approximately 16 month intervals. The exercise price can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors. Based upon the maximum required ownership of common stock as provided in the Stock Option Agreement together with the Company achieving the performance targets previously established by the Board, the option can fully vest after approximately 54 months and the exercise price can be reduced to near the par value of the common stock ($.01 per share). Reference is made to Exhibit 10.12 of the Company's Form 10-K for the year ended May 2, 2009.
Documents
Issuer
NATIONAL BEVERAGE CORP
CIK 0000069891
Entity typeother
Related Parties
1- filerCIK 0001303702
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 5:47 PM ET
- Size
- 7.7 KB