HATHORN SAMUEL C 4
4 · NATIONAL BEVERAGE CORP · Filed Dec 15, 2020
Insider Transaction Report
Form 4
HATHORN SAMUEL C
Director
Transactions
- Exercise of In-Money
Common Stock
2020-12-11$0.01/sh+745$7→ 76,133 total - Exercise of In-Money
KEEP STOCK OPTION
2020-12-11−745→ 22,500 totalExercise: $0.01From: 2019-12-06Exp: 2023-12-06→ Common Stock (745 underlying)
Footnotes (1)
- [F1]Reflects exercise of options granted to Mr. Hathorn under the Company's Key Employee Equity Partnership Program ("KEEP") on December 6, 2013. KEEP participants receive a grant equal to 50% of the number of shares of the Company's common stock purchased on the open market. KEEP options are granted at an initial exercise price of 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 10.8 of the Company's Form 10-K for the year ended May 2, 2020.