NATIONAL BEVERAGE CORP — Director's Dealing 2016

Feb 10, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL BEVERAGE CORP (FIZZ)
CIK: 0000069891
Period of Report: 2016-02-08

Reporting Person: CONLEE CECIL D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-08	COMMON STOCK	X	3000	$0.01	Acquired	30840	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-08	KEEP STOCK OPTION	$0.01	X	3000	Disposed	2019-05-26	COMMON STOCK (3000)	Direct

Footnotes

F1: Reflects exercise of options granted to Mr. Conlee under the Company's Key Employee Equity Partnership Program ("KEEP") on May 27, 2009. KEEP participants receive a grant equal to 50% of the number of shares of the Company's common stock purchased on the open market. KEEP options are granted at an initial exercise price of 60% of the purchase price of the shares acquired and such price is reduced to the par value of the Company's common stock over a six-year vesting period. . Reference is made to Exhibit 10.8 of the Company's Form 10-K for the year ended May 2, 2015.