NATIONAL BEVERAGE CORP — Director's Dealing 2020

Mar 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL BEVERAGE CORP (FIZZ)
CIK: 0000069891
Period of Report: 2020-03-17

Reporting Person: CAPORELLA JOSEPH G (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-17	Common Stock	M	38000	$5.67	Acquired	451600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-17	SPECIAL STOCK OPTION	$5.67	M	38000	Disposed	2020-07-28	COMMON STOCK (38000)	Direct

Footnotes

F1: Options granted under the Company's Special Stock Option Plan vest over an eight-year period in relatively equal amounts at approximately 16 month intervals. The exercise period can be reduced and the vesting schedule can be accelerated by the optionee purchasing and maintaining ownership of shares of common stock and/or the Company achieving performance objectives as determined by the Board of Directors. Mr. Joseph G. Caporella's option was granted on July 28, 2010, became fully vested on March 28, 2019, and is set to expire on July 28, 2020. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended April 27, 2019.