BRACKEN GEORGE R 4
4 · NATIONAL BEVERAGE CORP · Filed Jan 2, 2020
Insider Transaction Report
Form 4
BRACKEN GEORGE R
SR VP Finance
Transactions
- Exercise of In-Money
Special Stock Option
2019-12-30−8,000→ 15,000 totalExercise: $5.67→ Common Stock (8,000 underlying) - Exercise of In-Money
Common Stock
2019-12-30$5.67/sh+8,000$45,360→ 141,898 total
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. George R. Bracken's option was granted on July 28, 2010, became fully vested on March 28, 2019, and was set to expire on July 27, 2020. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended April 27, 2019.