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