sheridan stanley michael 4
4 · NATIONAL BEVERAGE CORP · Filed May 3, 2012
Insider Transaction Report
Form 4
sheridan stanley michael
Director
Transactions
- Award
KEEP Stock Option
2012-05-01+2,000→ 6,000 totalExercise: $8.39From: 2018-05-01Exp: 2022-05-01→ Common Stock (2,000 underlying)
Footnotes (1)
- [F1]On April 24, 2012, Mr. Sheridan acquired 6,000 shares of National Beverage Corp. common stock at an average purchase price of $13.98 per share. As a result of this purchase he received a grant to purchase 2,000 shares of National Beverage Corp. common stock under the Company's Key Employee Equity Partnership Program ("KEEP"). KEEP options are granted at an initial exercise price of sixty percent (60%) of the purchase price of the shares acquired and such price is reduced to the par value of the Company's common stock over a six year vesting period. Reference is made to Exhibit 10.11 of the Company's Form 10-K for the year ended April 30, 2012.