4//SEC Filing
BRACKEN GEORGE R 4
Accession 0001209191-10-002085
CIK 0000069891other
Filed
Jan 5, 7:00 PM ET
Accepted
Jan 6, 6:05 PM ET
Size
11.8 KB
Accession
0001209191-10-002085
Insider Transaction Report
Form 4
BRACKEN GEORGE R
SR VP Finance
Transactions
- Exercise of In-Money
KEEP STOCK OPTION
2010-01-04$0.01/sh−300$3→ 4,800 totalExercise: $0.01From: 2004-12-31Exp: 2011-12-30→ COMMON STOCK (300 underlying) - Exercise of In-Money
COMMON STOCK
2010-01-04$0.72/sh+8,400$6,048→ 113,520 total - Exercise of In-Money
COMMON STOCK
2010-01-04$0.01/sh+300$3→ 113,820 total - Exercise of In-Money
SPECIAL STOCK OPTION
2010-01-04$0.72/sh−8,400$6,048→ 5,100 totalExercise: $0.72From: 2002-11-06Exp: 2011-07-05→ COMMON STOCK (8,400 underlying)
Footnotes (2)
- [F1]Options granted under the Company's Special Stock Option Plan vest over an 8 year period in relatively equal amounts at approximately 16 month intervals. The exercise price can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors. Based upon the maximum required ownership of common stock as provided in the Stock Option Agreement together with the Company achieving the performance targets previously established by the Board, the option can fully vest after approximately 54 months and the exercise price can be reduced to near the par value of the common stock ($.01 per share). Reference is made to Exhibit 10.12 of the Company's Form 10-K for the year ended May 2, 2009.
- [F2]Under the Company's Key Employee Equity Partnership Program, ("KEEP"), participants receive a grant of KEEP options equal to 50% of the number of shares of National Beverage Corp. common stock purchased in the open market, up to a maximum of 6,000 shares in any two year period. KEEP options are granted at an initial exercise price of sixty percent of the purchase price of the shares acquired and reduce to the par value of the Company's common stock at the end of the six year vesting period. Reference is made to Exhibit 10.14 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 0001252802
Filing Metadata
- Form type
- 4
- Filed
- Jan 5, 7:00 PM ET
- Accepted
- Jan 6, 6:05 PM ET
- Size
- 11.8 KB