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SAM Boston Beer Company Inc

277.28
-1.70 (-0.61%)
04 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Boston Beer Company Inc NYSE:SAM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -1.70 -0.61% 277.28 281.14 276.64 280.48 165,133 01:00:00

Statement of Changes in Beneficial Ownership (4)

03/03/2020 7:41pm

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 *

O'Boyle Carolyn L.
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 People Officer
(Last)          (First)          (Middle)

ONE DESIGN CENTER PLACE, SUITE 850, C/O THE BOSTON BEER COMPANY
3. Date of Earliest Transaction (MM/DD/YYYY)

3/2/2020
(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 3/2/2020  A  2696.00 (1)A$370.90 2696.00 (2)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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class A Common Stock Option $370.90 3/2/2020  A   7030.00    3/1/2022 (3)2/29/2024 Class A Common 7030.00 $0.00 7030.00 D  

Explanation of Responses:
(1) Represents a grant of Restricted Stock Units ("RSU's") under the Issuer's Employee Equity Incentive Plan. The RSU's will vest in four equal installments on the anniversary of the Grant Date in each of the years 2021 through 2024, provided that the Reporting Person remains employed by the Issuer as of the applicable vesting date.
(2) The shares reported include 2,696 shares of restricted stock subject to vesting conditions.
(3) This Performance-Based Stock Option was granted pursuant to the Issuer's EEIP on March 2, 2020. The extent to which the options may become exercisable will be dependent upon the Company achieving certain compounded annual growth rate targets based on net revenue growth in Fiscal Year 2021 over Fiscal Year 2019. The determination of the eligibility for vesting of these option shares will be made by the Compensation Committee before March 1, 2022.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
O'Boyle Carolyn L.
ONE DESIGN CENTER PLACE, SUITE 850
C/O THE BOSTON BEER COMPANY
BOSTON, MA 02210


Chief People Officer

Signatures
Michael G. Andrews under POA for the benefit of Carolyn L. O'Boyle3/3/2020
**Signature of Reporting PersonDate

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