Statement of Changes in Beneficial Ownership (4)
October 27 2020 - 04:10PM
Edgar (US Regulatory)
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 * Geist John
C |
2. Issuer Name and Ticker or Trading
Symbol BOSTON BEER CO INC [ SAM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Sales Officer |
|
(Last)
(First)
(Middle)
C/O THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER
PLACE |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/27/2020
|
|
(Street)
BOSTON, MA 02210
(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 |
|
Class A Common |
10/27/2020 |
|
M |
|
1007.00 |
A |
$191.10 |
5966.00 (1) |
D |
|
|
Class A Common |
10/27/2020 |
|
S |
|
300.00 |
D |
$1062.25 (2) |
5666.00 (1) |
D |
|
|
Class A Common |
10/27/2020 |
|
S |
|
707.00 |
D |
$1063.23 |
4959.00 (1) |
D |
|
|
Class A Common |
10/27/2020 |
|
S |
|
102.00 |
D |
$1063.08 |
4857.00 (1) |
D |
|
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
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. 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 Date |
7. 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) |
|
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
|
Stock Option (Right to Buy) |
$191.10 |
10/27/2020 |
|
M |
|
|
1007.00 |
3/1/2020 (3) |
12/31/2027 |
Class A Common |
1007.00 |
$0.00 |
0.00 |
D |
|
| Explanation of
Responses: |
| (1) |
The shares reported include
4,857 shares of restricted stock subject to vesting
conditions. |
| (2) |
The price shown is the
weighted average sale price for the transactions reported on this
line. The range of sale prices for the 300 shares is from $1,062.21
to $1,062.69. The Filing Person will provide full information
regarding the number of shares sold at each separate price upon
request of the SEC, the Registrant, or a shareholder of the
Registrant |
| (3) |
The Performance-Based Stock
Options were granted pursuant to the Issuer's Restated Employee
Equity Incentive Plan ("EEIP"). The extent to which the options
were exercisable was dependent upon the Company achieving certain
compounded annual growth rate targets based on net revenue growth
in Fiscal Year 2019 over Fiscal Year 2017. The determination of the
eligibility for vesting of these options was made by the
Compensation Committee before March 1, 2020. |
Reporting
Owners
|
|
Reporting Owner Name / Address |
Relationships
|
|
Director |
10% Owner |
Officer |
Other |
Geist John C
C/O THE BOSTON BEER COMPANY, INC.
ONE DESIGN CENTER PLACE
BOSTON, MA 02210 |
|
|
Chief Sales Officer |
|
Signatures
|
|
Michael G. Andrews under POA for the benefit of
John C. Geist |
|
10/27/2020 |
| **Signature of
Reporting Person |
Date |
Boston Beer (NYSE:SAM)
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