CONLEE CECIL D 4
4 · NATIONAL BEVERAGE CORP · Filed Jun 17, 2024
Insider Transaction Report
Form 4
CONLEE CECIL D
Director
Transactions
- Exercise/Conversion
Common Stock
2024-06-13$0.01/sh+6,000$60→ 66,480 total - Exercise/Conversion
Keep Stock Option
2024-06-13−4,400→ 13,600 totalExercise: $0.01From: 2021-06-10Exp: 2025-06-10→ COMMON STOCK (4,400 underlying) - Exercise/Conversion
Keep Stock Option
2024-06-13−1,600→ 12,000 totalExercise: $0.01From: 2021-09-24Exp: 2025-09-24→ COMMON STOCK (1,600 underlying)
Footnotes (2)
- [F1]Reflects exercise of options granted to Mr. Conlee under the Company's Key Employee Equity Partnership Program ("KEEP") on June 10, 2015. 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 April 29, 2023.
- [F2]Reflects exercise of options granted to Mr. Conlee under the Company's Key Employee Equity Partnership Program ("KEEP") on September 24, 2015. 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 April 29, 2023.