FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Monster Beverage Corp [ MNST ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/25/2013 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 1,491,436(1) | D | ||||||||
Common Stock | 1,931,856 | I | By Brandon Limited Partnership No. 1(2) | |||||||
Common Stock | 9,815,648 | I | By Brandon Limited Partnership No. 2(2) | |||||||
Common Stock | 07/25/2013 | J(3)(4)(5) | 1,415,728 | D | $0 | 4 | I | By HRS Holdings, L.P.(2)(6) | ||
Common Stock | 07/25/2013 | J(3)(4)(5) | 6,305,136 | D | $0 | 4 | I | By Hilrod Holdings, L.P.(2)(6) | ||
Common Stock | 184,924 | I | By Hilrod Holdings IV, L.P.(2) | |||||||
Common Stock | 71,428 | I | By Hilrod Holdings V, L.P.(2) | |||||||
Common Stock | 257,900 | I | By Hilrod Holdings VI, L.P.(2) | |||||||
Common Stock | 40,072 | I | By Hilrod Holdings VII, L.P.(2) | |||||||
Common Stock | 189,528 | I | By Hilrod Holdings VIII, L.P.(2) | |||||||
Common Stock | 453,740 | I | By Hilrod Holdings IX, L.P.(2) | |||||||
Common Stock | 92,332 | I | By Hilrod Holdings X, L.P.(2) | |||||||
Common Stock | 186,636 | I | By Hilrod Holdings XI, L.P.(2) | |||||||
Common Stock | 170,356 | I | By Hilrod Holdings XII, L.P.(2) | |||||||
Common Stock | 77,121 | I | By RCS 2009 GRAT #2(2) | |||||||
Common Stock | 45,856 | I | By RCS Direct 2010 GRAT(2) | |||||||
Common Stock | 11,996 | I | By RCS Direct 2010 GRAT #2(2) |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $3.294 | (7) | 03/23/2015 | Common Stock | 2,400,000 | 1,904,890 | D | ||||||||
Employee Stock Option (right to buy) | $8.435 | (7) | 11/11/2015 | Common Stock | 1,200,000 | 960,000 | D | ||||||||
Employee Stock Option (right to buy) | $15.86 | (7) | 06/02/2018 | Common Stock | 800,000 | 326,304 | D | ||||||||
Employee Stock Option (right to buy) | $17.82 | (8) | 12/01/2019 | Common Stock | 500,000 | 300,000 | D | ||||||||
Employee Stock Option (right to buy) | $53.96 | (9) | 06/03/2023 | Common Stock | 210,000 | 210,000 | D | ||||||||
Restricted Stock Units | (10) | (11) | (12) | Common Stock | 261,000 | 174,000 | D |
Explanation of Responses: |
1. Includes 63,051 shares distributed to the reporting person by Hilrod Holdings, L.P. ("Hilrod") and 14,157 shares distributed to the reporting person by HRS Holdings, L.P. ("HRS"), which shares were previously reported as indirectly beneficially owned by the reporting person due to his general partnership interest in Hilrod and HRS. |
2. The reporting person is one of the general partners of each of Brandon Limited Partnership No. 1, Brandon Limited Partnership No. 2, HRS Holdings, L.P., Hilrod Holdings, L.P., Hilrod Holdings IV, L.P., Hilrod Holdings V, L.P., Hilrod Holdings VI, L.P., Hilrod Holdings VII, L.P., Hilrod Holdings VIII, L.P., Hilrod Holdings IX, L.P., Hilrod Holdings X, L.P., Hilrod Holdings XI, L.P., and Hilrod Holdings XII, L.P. The reporting person is the co-trustee of each of RCS 2009 GRAT #2, RCS Direct 2010 GRAT and RCS Direct 2010 GRAT #2. |
3. On July 25, 2013, Hilrod and HRS each distributed, without consideration, all but 4 shares of Common Stock previously reported as directly held by each of them, to (i) the reporting person, as a general partner of each of Hilrod and HRS, his pro rata portion (determined based on his respective general partnership interest, which general partnership interest represented ownership equal to 1% of each of Hilrod and HRS) of the shares of Common Stock distributed by Hilrod and HRS, as applicable; and (ii) Mr. Schlosberg, as a general partner of each of Hilrod and HRS, his pro rata portion (determined based on his respective general partnership interest, which general partnership interest represented ownership equal to 1% of each of Hilrod and HRS) of the shares of Common Stock distributed by Hilrod and HRS, as applicable. |
4. On July 25, 2013, Hilrod and HRS also each distributed, without consideration, all but 4 shares of Common Stock previously reported as directly held by each of them, to their respective limited partners, which are entities for the benefit of certain family members of the reporting person and Mr. Schlosberg, as applicable, pro rata, the remaining shares of Common Stock distributed by Hilrod and HRS, and such limited partners subsequently transferred such shares of Common Stock to other entities for the benefit of certain family members of the reporting person or Mr. Schlosberg, as applicable, which entities are controlled by an independent third party, Sterling Trustees LLC. |
5. The July 25, 2013 distributions were effected for the purpose of restructuring family holdings. |
6. As a result of the July 25, 2013 distributions, Hilrod and HRS each continue to beneficially own 4 shares of the Company's common stock. Accordingly, the reporting person continues to indirectly beneficially own the shares reported as directly held by Hilrod and HRS. |
7. The options are currently vested. |
8. The options are currently vested with respect to 100,000 shares. The remaining options vest in two equal installments on December 1, 2013 and 2014. |
9. The options vest in three equal installments on June 3, 2014, 2015 and 2016. |
10. The restricted stock units were granted under the Monster Beverage Corporation 2011 Omnibus Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of the Company's common stock as of the vesting date. |
11. The remaining restricted stock units vest in two equal installments on September 1, 2013 and 2014. |
12. Not applicable. |
Remarks: |
Rodney C. Sacks | 07/29/2013 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |