Form 4 for SAM BOSTON BEER CO INC
Accepted 2022-03-02 00:00:00 ET · period of report 2022-03-01 · accession 0001562180-22-002108 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-02 | 2022-03-01 | SAM | Burwick David A | Pres, CEO, Dir | F - Tax | $383.46 | -652 | 40.8K | -2% | -$250.0K |
| D | 2022-03-02 | 2022-03-01 | SAM | Burwick David A | Pres, CEO, Dir | A - Grant | $0.00 | +5,216 | 46.0K | +13% | $0 |
| DM | 2022-03-02 | 2022-03-01 | SAM | Burwick David A | Pres, CEO, Dir | A - Grant | $0.00 | +16.0K | 7,029 | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common | 2022-03-01 | F | D | 652 | $383.46 | 40,820 | D | — | — | (F2) The shares reported include 21,099 shares of restricted stock subject to vesting conditions. |
| 2 | Common | Class A Common | 2022-03-01 | A | A | 5,216 | $0.00 | 46,036 | D | — | — | (F2) The shares reported include 21,099 shares of restricted stock subject to vesting conditions. |
| 3 | Derivative | March 1, 2022 Stock Option | 2022-03-01 | A | A | 11,230 | $0.00 | 11,230 | D | $383.46 · 2024-03-01 to 2032-02-29 | 11,230 Class A Common | (F6) The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2022. The extent to which the options become exercisable is dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2023 over Fiscal Year 2021. The Compensation Committee will determine if the performance criteria have been achieved prior to March 1, 2024. If the performance criteria is achieved, the options vest in three equal installments on March 1 in the years 2024-2026, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations. |
| 4 | Derivative | March 1, 2019 Stock Option | 2022-03-01 | A | A | 2,451 | $0.00 | 7,352 | D | $312.56 · 2021-03-01 to 2029-02-28 | 7,352 Class A Common | (F4) The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2019. 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 2020 over Fiscal Year 2018. In February 2021, the Compensation Committee determined that the performance criteria had been achieved, and as such the options vest in three equal installments on March 1 in the years 2021-2023, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations. |
| 5 | Derivative | March 1, 2020 Stock Option | 2022-03-01 | A | A | 2,343 | $0.00 | 7,029 | D | $370.79 · 2022-03-01 to 2030-02-28 | 7,029 Class A Common | (F5) The Performance-Based Stock Options were granted pursuant to the Issuer's EEIP on March 1, 2020. 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 2021 over Fiscal Year 2019. In February 2022, the Compensation Committee determined that the performance criteria had been achieved, and as such the options vest in three equal installments on March 1 in the years 2022-2024, provided that the Reporting Person remains employed by the Company on the applicable vesting dates, and subject to accelerated vesting in certain situations. |