FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Willis Brent D
2. Issuer Name and Ticker or Trading Symbol

New Age Beverages Corp [ NBEV ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)          (First)          (Middle)

C/O NEW AGE BEVERAGES CORPORATION, 2420 17TH STREET, SUITE 220
3. Date of Earliest Transaction (MM/DD/YYYY)

12/10/2019
(Street)

DENVER, CO 80202
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/10/2019  A  162500 (1)A$0 1641867 D  
Common Stock         78000 I By trust (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy) $1.83 12/10/2019  A   162500     (3)12/10/2029 Common Stock 162500 $0 162500 D  

Explanation of Responses:
(1) On December 10, 2019, New Age Beverages Corporation (the "Company") issued 162,500 restricted shares of the Company's common stock ("Common Stock") to Mr. Willis. The Common Stock vests as follows: 33% on December 10, 2020, 33% on December 10, 2021 and 34% on December 10, 2022.
(2) These shares are held by the Corinne Willis Trust, for which Corinne Willis, the wife of the reporting person, is the trustee.
(3) The option vests as follows: 33% on December 10, 2020, 33% on December 10, 2021 and 34% on December 10, 2022.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Willis Brent D
C/O NEW AGE BEVERAGES CORPORATION
2420 17TH STREET, SUITE 220
DENVER, CO 80202
X
Chief Executive Officer

Signatures
/s/ Gregory A. Gould, attorney-in-fact12/12/2019
**Signature of Reporting PersonDate

NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more NewAge Charts.
NewAge (NASDAQ:NBEV)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more NewAge Charts.