NATIONAL BEVERAGE CORP — Director's Dealing 2007

Jul 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL BEVERAGE CORP (FIZZ)
CIK: 0000069891
Period of Report: 2007-07-24

Reporting Person: HATHORN SAMUEL C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-24	COMMON STOCK	P	3000.00	$10.00	Acquired	104184.00	Direct
2007-07-25	COMMON STOCK	P	3000.00	$9.90	Acquired	107184.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-25	KEEP STOCK OPTION	$6.00	A	3000.00	Acquired	2017-07-25	COMMON STOCK (3000.00)	Direct

Footnotes

F1: Under the Company's Key Employee Equity Partnership Program ("KEEP"), Mr. Hathorn received a grant of 3,000 KEEP options for 6,000 shares of common stock purchased by Mr. Hathorn on July 24, 2007 and July 25, 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 reduced 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.