From the Boston Globe Business Team
Boston Beer chairman exercises stock options
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March 24, 2008 02:37 PM
The chairman of Boston Beer Co., brewer of the Sam Adams beers, exercised options for 10,000 shares of common stock, according to a Securities and Exchange Commission filing.
In two Form 4 documents filed Friday with the SEC, C. James Koch reported he exercised the options Thursday for $14.47 to $20.98 apiece and then sold all 10,000 shares on the same day for $46.45 to $48.32 apiece.
Insiders file Form 4s with the SEC to report transactions in their companies' shares. Open market purchases and sales must be reported within two business days of the transaction.
Boston Beer is based in Boston.
In mid afternoon trading on the New York Stock Exchange, company shares were trading at $49.25. (AP)
