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Ownership Document
|
| Schema Version: X0508 |
| Document Type: 4 |
| Period of Report: 12/22/23 |
| Issuer: |
| Issuer CIK: 69891 |
| Issuer Name: NATIONAL BEVERAGE CORP |
| Issuer Trading Symbol: FIZZ |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1024406 |
| | Owner Name: CONLEE CECIL D |
| Reporting Owner Address: |
| | Owner Street 1: 8100 SW 10TH STREET |
| | Owner Street 2: SUITE 4000 |
| | Owner City: PLANTATION |
| | Owner State: FL |
| | Owner ZIP Code: 33324 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| Aff 10b5 One: 0 |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 12/22/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 24,000 |
| | | Transaction Price Per Share: |
| Value: 1.50 |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 72,480 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Special Stock Option |
| | Conversion or Exercise Price: |
| | | Value: 1.50 |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 12/22/23 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 24,000 |
| | | Transaction Price Per Share: |
| Footnote ID: F1 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F1 |
| | Expiration Date: |
| | | Footnote ID: F1 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Common Stock |
| | | Underlying Security Shares: |
| Value: 24,000 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 18,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - 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 price 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. Conlee's option was granted on August 27, 2014, became fully vested on April 27, 2023, and was set to expire on August 26, 2024. Reference is made to Exhibit 10.6 of the Company's Form 10-K for the year ended April 29, 2023. |
| Owner Signature: |
| Signature Name: /s/ Cecil D. Conlee |
| Signature Date: 12/27/23 |
