Quincy B. Troupe - Jun 7, 2021 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Role
Senior VP, Supply Chain
Signature
Michael G. Andrews under POA for the benefit of Quincy B. Troupe
Stock symbol
SAM
Transactions as of
Jun 7, 2021
Transactions value $
-$413,737
Form type
4
Date filed
6/8/2021, 04:01 PM
Next filing
Jul 21, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Options Exercise $37.2K +119 +2.11% $312.56 5.77K Jun 7, 2021 Direct F1, F2
transaction SAM Class A Common Options Exercise $67.3K +352 +6.11% $191.10 6.12K Jun 7, 2021 Direct F1, F2
transaction SAM Class A Common Sale -$387K -352 -5.75% $1,100.21 5.77K Jun 7, 2021 Direct F1, F2
transaction SAM Class A Common Sale -$131K -119 -2.06% $1,100.21 5.65K Jun 7, 2021 Direct F1, F2

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 SAM Stock Option (Right to Buy) Options Exercise $0 -119 -25% $0.00 357 Jun 7, 2021 Class A Common 119 $312.56 Direct F1, F3
transaction SAM Stock Option (Right to Buy) Options Exercise $0 -352 -24.96% $0.00 1.06K Jun 7, 2021 Class A Common 352 $191.10 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 6, 2021.
F2 The shares reported include 3,362 shares of restricted stock subject to vesting conditions.
F3 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 2020 over Fiscal Year 2018. The determination that these options vested was made by the Compensation Committee in February 2021.
F4 The Performance-Based Stock Options were granted pursuant to the Issuer's 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 that the options vested was made by the Compensation Committee in February 2020.