Quincy B. Troupe - Dec 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
Dec 7, 2021
Transactions value $
-$316,847
Form type
4
Date filed
12/8/2021, 08:13 AM
Previous filing
Jul 21, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SAM Class A Common Options Exercise $67.5K +353 +6.25% $191.10 6K Dec 7, 2021 Direct F1, F2
transaction SAM Class A Common Options Exercise $37.2K +119 +1.98% $312.56 6.12K Dec 7, 2021 Direct F1, F2
transaction SAM Class A Common Sale -$422K -843 -13.78% $500.00 5.28K Dec 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 1-1-18 Stock Option Options Exercise $0 -353 -33.36% $0.00 705 Dec 7, 2021 Class A Common 2.12K $191.10 Direct F1, F3
transaction SAM 3-1-19 Stock Option Options Exercise $0 -119 -33.33% $0.00 238 Dec 7, 2021 Class A Common 1.43K $312.56 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 effectuated pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 6, 2021, which was modified on November 8, 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 2019 over Fiscal Year 2017. The determination that these options vested was made by the Compensation Committee in February 2020. Thereafter the options become exercisable in three equal installments on March 1, 2020; January 1, 2021; and January 1, 2022, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.
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 2020 over Fiscal Year 2018. The determination that these options vested was made by the Compensation Committee in February 2021. Thereafter the options become exercisable in three equal installments on March 1 in the years 2021 to 2023, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.