4//SEC Filing
sheridan stanley michael 4
Accession 0001209191-10-040326
CIK 0000069891other
Filed
Jul 29, 8:00 PM ET
Accepted
Jul 30, 6:55 PM ET
Size
6.3 KB
Accession
0001209191-10-040326
Insider Transaction Report
Form 4
sheridan stanley michael
Director
Transactions
- Award
SPECIAL STOCK OPTION (right to buy)
2010-07-28+4,000→ 4,000 totalExercise: $11.35Exp: 2020-07-28→ COMMON STOCK (4,000 underlying)
Footnotes (1)
- [F1]Options granted under the Company's Special Stock Option Plan vest over an eight year period in relatively equal amounts at approximately 16 month intervals. The exercise price can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors (the "Board"). Based upon the maximum required ownership of common stock as provided in the Stock Option Agreement, together with the Company achieving the performance targets previously established by the Board, the option can fully vest after approximately 64 months and the exercise price can be reduced to near the par value of the common stock ($.01 per share). Reference is made to Exhibit 10.12 of the Company's Form 10-K for the year ended May 1, 2010.
Documents
Issuer
NATIONAL BEVERAGE CORP
CIK 0000069891
Entity typeother
Related Parties
1- filerCIK 0001474689
Filing Metadata
- Form type
- 4
- Filed
- Jul 29, 8:00 PM ET
- Accepted
- Jul 30, 6:55 PM ET
- Size
- 6.3 KB