NATIONAL BEVERAGE CORP 4
4 · NATIONAL BEVERAGE CORP · Filed Jan 21, 2016
Insider Transaction Report
Form 4
CAPORELLA JOSEPH G
DirectorPRESIDENT
Transactions
- Exercise of In-Money
COMMON STOCK
2016-01-19$1.75/sh+42,000$73,500→ 407,600 total - Exercise of In-Money
Special Stock Option
2016-01-19$1.75/sh−42,000$73,500→ 58,000 totalExercise: $1.75Exp: 2016-02-13→ COMMON STOCK (42,000 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. Mr. Joseph G. Caporella's option was granted on February 13, 2006, became fully vested on October 13, 2013, and was set to expire on February 13, 2016. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended May 2, 2015.