Conlee Cecil D - Jun 8, 2021 Form 4 Insider Report for NATIONAL BEVERAGE CORP (FIZZ)

Role
Director
Signature
/s/ Cecil D. Conlee
Stock symbol
FIZZ
Transactions as of
Jun 8, 2021
Transactions value $
$60
Form type
4
Date filed
6/10/2021, 05:58 PM
Previous filing
Jun 10, 2021
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FIZZ Common Stock Exercise of in-the-money or at-the-money derivative security $60.00 +6K +8.37% $0.01* 77.7K Jun 8, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FIZZ KEEP STOCK OPTION Exercise of in-the-money or at-the-money derivative security -6K -11.11% 48K Jun 8, 2021 Common Stock 6K $0.01 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects exercise of options granted to Mr. Conlee under the Company's Key Employee Equity Partnership Program ("KEEP") on June 10, 2011. 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 2, 2020.