SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Stift Todd

(Last)

(First)

(Middle)

2135 OLIVINE DRIVE

(Street)

CHINO HILLS

91709

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CRAFT BREW ALLIANCE, INC. [ BREW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director		10% Owner
Officer (give title below)	X	Other (specify below)
		sales management

3. Date of Earliest Transaction (Month/Day/Year)
08/16/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/16/2017	08/16/2017	J		1,388⁽¹⁾	A	$13.1⁽²⁾	0⁽¹⁾	D
Common Stock	08/16/2017	08/16/2017	J⁽¹⁾		2,018⁽¹⁾	A	$10.7⁽²⁾	0⁽¹⁾	D
Common Stock	08/16/2017	08/16/2017	J⁽¹⁾		1,502⁽¹⁾	A	$7.69⁽²⁾	0⁽¹⁾	D
Common Stock	08/16/2017	08/16/2017	J⁽¹⁾		1,388	D	$18.5	0⁽¹⁾	D
Common Stock	08/16/2017	08/16/2017	J⁽¹⁾		2,018⁽¹⁾	D	$18.5	0	D
Common Stock	08/16/2017	08/16/2017	J⁽¹⁾		1,502⁽¹⁾	D	$18.5	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. All of the transactions identified in this filing occurred pursuant to a single cashless execution request by the reporting party. Through Solium, the manager of BREW's stock option plan option grants, Reporting Party requested the cashless execution and contemporaneous sale of certain vested stock options. The transactions will be settled by a bank transfer of the excess of sales price over exercise price less taxes to Reporting Party's account. Exercised Options: 1388 shares at $13.10 strike price 2018 shares at $10.70 strike price 1502 shares at $7.69 strike price Prior to and following the transactions reported here, Reporting Party has no equity interest in BREW.

2. Purchase price pursuant to nonqualified stock option agreement.

	Todd M. Stift	08/16/2017
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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