David L. Grinnell - Dec 8, 2021 Form 4 Insider Report for BOSTON BEER CO INC (SAM)

Signature
Michael G. Andrews under POA for the benefit of David L. Grinnell
Stock symbol
SAM
Transactions as of
Dec 8, 2021
Transactions value $
-$728,878
Form type
4
Date filed
12/9/2021, 03:38 PM
Previous filing
Aug 2, 2022
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 $255K +1.5K +85.67% $169.85 3.25K Dec 8, 2021 Direct F1, F2
transaction SAM Class A Common Options Exercise $57.3K +300 +9.23% $191.10 3.55K Dec 8, 2021 Direct F1, F2
transaction SAM Class A Common Options Exercise $62.5K +200 +5.63% $312.56 3.75K Dec 8, 2021 Direct F1, F2
transaction SAM Class A Common Sale -$228K -467 -12.45% $489.02 3.28K Dec 8, 2021 Direct F1, F2, F3
transaction SAM Class A Common Sale -$161K -329 -10.02% $490.09 2.96K Dec 8, 2021 Direct F1, F2, F4
transaction SAM Class A Common Sale -$172K -350 -11.84% $491.41 2.61K Dec 8, 2021 Direct F1, F5, F6
transaction SAM Class A Common Sale -$108K -220 -8.45% $492.30 2.39K Dec 8, 2021 Direct F1, F2, F7
transaction SAM Class A Common Sale -$493 -1 -0.04% $493.00 2.38K Dec 8, 2021 Direct F1, F2
transaction SAM Class A Common Sale -$264K -533 -22.36% $494.69 1.85K Dec 8, 2021 Direct F1, F2, F8
transaction SAM Class A Common Sale -$49.6K -100 -5.4% $495.79 1.75K Dec 8, 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 1-1-2017 Stock Option Options Exercise $0 -1.5K -92.25% $0.00 126 Dec 8, 2021 Class A Common 2.44K $169.85 Direct F1, F9
transaction SAM 1-1-2018 Stock Option Options Exercise -$57.3K -300 -29.79% $191.10 707 Dec 8, 2021 Class A Common 1.51K $191.10 Direct F1, F9
transaction SAM 3-1-2019 Stock Option Options Exercise -$62.5K -200 -60.61% $312.56 130 Dec 8, 2021 Class A Common 992 $312.56 Direct F1, F10
* 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 November 8, 2021.
F10 The option vests in three annual installments: the first on March 1, 2021, and the final vesting on March 1, 2023, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.
F2 The shares reported include 1,045 shares of restricted stock subject to vesting conditions.
F3 The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 467 shares is from $489.00 to $489.50. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F4 The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 329 shares is from $490.00 to $490.20. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F5 The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 350 shares is from $491.00 to $491.87. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F6 The shares reported include 1,325 shares of restricted stock subject to vesting conditions.
F7 The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 220 shares is from $492.00 to $492.41. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F8 The price shown is the weighted average sale price for the transactions reported on this line. The range of sale prices for the 533 shares is from $494.65 to $495.26. The Filing Person will provide full information regarding the number of shares sold at each separate price upon request of the SEC, the Registrant, or a shareholder of the Registrant.
F9 The option vests in three annual installments: the first on March 1, 2020, and the final vesting on January 1, 2022, provided that the Reporting Person remains employed by the Issuer on the applicable vesting dates.