0001437749-20-020826.txt : 20201006 0001437749-20-020826.hdr.sgml : 20201006 20201006191010 ACCESSION NUMBER: 0001437749-20-020826 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201002 FILED AS OF DATE: 20201006 DATE AS OF CHANGE: 20201006 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: sheridan stanley michael CENTRAL INDEX KEY: 0001474689 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14170 FILM NUMBER: 201227819 MAIL ADDRESS: STREET 1: 6203 PLUM DRIVE CITY: WILLIAMSBURG STATE: MI ZIP: 49690 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NATIONAL BEVERAGE CORP CENTRAL INDEX KEY: 0000069891 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] IRS NUMBER: 592605822 STATE OF INCORPORATION: DE FISCAL YEAR END: 0502 BUSINESS ADDRESS: STREET 1: 8100 SW 10TH STREET STREET 2: SUITE 4000 CITY: FT. LAUDERDALE STATE: FL ZIP: 33324 BUSINESS PHONE: 9545810922 MAIL ADDRESS: STREET 1: 8100 SW 10TH STREET STREET 2: SUITE 4000 CITY: FT. LAUDERDALE STATE: FL ZIP: 33324 4 1 rdgdoc.xml FORM 4 X0306 4 2020-10-02 0000069891 NATIONAL BEVERAGE CORP FIZZ 0001474689 sheridan stanley michael 8100 SW 10TH STREET SUITE 4000 PLANTATION FL 33324 1 SPECIAL STOCK OPTION 69.96 2020-10-02 4 A 0 5000 A 2030-10-02 COMMON STOCK 5000 16000 D Options granted under the Company's Special Stock Option Plan vest over an eight-year period in relatively equal amounts at approximately 16 month intervals. The exercise price can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors (the "Board"). Based upon the maximum required ownership of common stock as provided in the Stock Option Agreement, together with the Company achieving the performance targets previously established by the Board, the option can fully vest after approximately 64 months and the exercise price of the October 2, 2020 grant can be reduced to approximately $5.00 per share. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended May 2, 2020. /s/ Stanley M. Sheridan 2020-10-06