NATIONAL BEVERAGE CORP — Director's Dealing 2021

Jul 29, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NATIONAL BEVERAGE CORP (FIZZ)
CIK: 0000069891
Period of Report: 2021-07-27

Reporting Person: sheridan stanley michael (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-27	Common Stock	X	4000	$0.01	Acquired	77408	Direct
2021-07-27	Common Stock	X	2000	$0.01	Acquired	79408	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-27	KEEP STOCK OPTION	$0.01	X	4000	Disposed	2022-05-01	Common Stock (4000)	Direct
2021-07-27	KEEP STOCK OPTION	$0.01	X	2000	Disposed	2023-07-31	Common Stock (2000)	Direct

Footnotes

F1: Reflects exercise of options granted to Mr. Sheridan under the Company's Key Employee Equity Partnership Program ("KEEP") on May 1, 2012. 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 1, 2021.

F2: Reflects exercise of options granted to Mr. Sheridan under the Company's Key Employee Equity Partnership Program ("KEEP") on July 31, 2013.