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NATIONAL BEVERAGE CORP Director's Dealing 2007

Aug 6, 2007

31271_dirs_2007-08-06_0ffd8b8f-404a-401a-a644-83e414fb2a2c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL BEVERAGE CORP (FIZZ)
CIK: 0000069891
Period of Report: 2007-08-04

Reporting Person: KLING S LEE (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-08-04 KEEP STOCK OPTION $6.27 A 3000.00 Acquired 2017-08-04 COMMON STOCK (3000.00) Direct

Holdings (Non-Derivative)

Security Shares Ownership
COMMON STOCK 262800.00 Direct

Footnotes

F1: Under the Company's Key Employee Equity Partnership Program ("KEEP"), Mr. Kling received a grant of 3,000 KEEP options for 6,000 shares of common stock purchased by Mr. Kling on July 20, 2007. KEEP options are granted at an initial exercise price of sixty percent of the purchase price for the shares of National Beverage Corp. common stock acquired and reduce to the par value of the Company's stock at the end of the six year vesting period. Reference is made to Exhibit 10.14 of the Company's Form 10-K for the year ended April 28, 2007.