NATIONAL BEVERAGE CORP — Director's Dealing 2019

Mar 26, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL BEVERAGE CORP (FIZZ)
CIK: 0000069891
Period of Report: 2019-03-25

Reporting Person: CAPORELLA JOSEPH G (Director, President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-25	KEEP STOCK OPTION	$35.97	A	3000	Acquired	2029-03-25	COMMON STOCK (3000)	Direct

Footnotes

F1: Under the Company's Key Employee Equity Partnership Program ("KEEP"), Mr. Caporella received a grant of 3,000 KEEP options for the 6,000 shares of National Beverage common stock he purchased on March 14, 2019. Participants in the KEEP program who purchase shares of Common Stock in the open market receive grants of stock options equal to 50% of the number of shares purchased up to a maximum of 6,000 shares purchased in any two-year period. Options are granted at an initial exercise price of 60% 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 10.8 of the Company's Form 10-K for the year ended April 28, 2018.