sheridan stanley michael 4
4 · NATIONAL BEVERAGE CORP · Filed Jul 29, 2021
Insider Transaction Report
Form 4
sheridan stanley michael
Director
Transactions
- Exercise of In-Money
Common Stock
2021-07-27$0.01/sh+2,000$20→ 79,408 total - Exercise of In-Money
Common Stock
2021-07-27$0.01/sh+4,000$40→ 77,408 total - Exercise of In-Money
KEEP STOCK OPTION
2021-07-27−4,000→ 0 totalExercise: $0.01From: 2018-05-01Exp: 2022-05-01→ Common Stock (4,000 underlying) - Exercise of In-Money
KEEP STOCK OPTION
2021-07-27−2,000→ 0 totalExercise: $0.01From: 2019-07-31Exp: 2023-07-31→ Common Stock (2,000 underlying)
Footnotes (2)
- [F1]Reflects exercise of options granted to Mr. Sheridan under the Company's Key Employee Equity Partnership Program ("KEEP") on May 1, 2012. 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 1, 2021.
- [F2]Reflects exercise of options granted to Mr. Sheridan under the Company's Key Employee Equity Partnership Program ("KEEP") on July 31, 2013.