Monster Beverage (MNST) Form 4 Monster Beverage / THOMAS J KELLY ownership change

SEC Form 4

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^*

KELLY THOMAS J

(Last) (First) (Middle)

1 MONSTER WAY

(Street)

CORONA CA 92879

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Monster Beverage Corp [ MNST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP Finance Monster Energy Co.

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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	05/22/2020		S		15,000	D	$68.29(1)	13,117	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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)	$45.16							(2)	03/13/2025	Common Stock	(3)		7,200	D
Employee Stock Option (right to buy)	$43.99							(4)	03/14/2026	Common Stock	(3)		20,625	D
Employee Stock Option (right to buy)	$43.64							(5)	12/01/2026	Common Stock	(3)		22,000	D
Employee Stock Option (right to buy)	$58.73							(6)	03/14/2028	Common Stock	(3)		50,000	D
Employee Stock Option (right to buy)	$51.5							(7)	06/01/2028	Common Stock	(3)		5,000	D
Employee Stock Option (right to buy)	$59.67							(8)	03/14/2029	Common Stock	(3)		15,000	D
Employee Stock Option (right to buy)	$62.39							(9)	03/13/2030	Common Stock	(3)		12,000	D
Restricted Stock Units	(10)							(11)	(12)	Common Stock	(3)		3,467	D
Restricted Stock Units	(10)							(13)	(12)	Common Stock	(3)		4,000	D

Explanation of Responses:

1. This transaction was executed in multiple trades at prices ranging from $68.28 to $68.33. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

2. The options are fully vested.

3. No transaction is being reported at this time. This line is only reporting holdings as of the date hereof.

4. The options are currently vested with respect to 9,375 shares. The remaining options vest on March 14, 2021.

5. The options vest in two installments as follows: 10,000 shares on December 1, 2020 and 12,000 shares on December 1, 2021.

6. The options are currently vested with respect to 12,500 shares. The remaining options vest in three installments as follow: 10,000 shares on March 14, 2021; 12,500 shares on March 14, 2022; 15,000 shares on March 14, 2023.

7. The options vest in three installments as follows: 1,667 shares on June 1, 2021; 1,667 shares on June 1, 2022; 1,666 shares on June 1, 2023.

8. The options are currently vested with respect to 10,000 shares. The remaining options vest on March 14, 2021.

9. The options vest in three equal installments on March 13, 2021, 2022 and 2023.

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 restricted stock units vest in two installments as follows: 1,733 units on March 14, 2021 and 1,734 units on March 14, 2022.

12. Not applicable.

13. The restricted stock units vest in three equal installments on March 13, 2021, 2022 and 2023.

	Paul J. Dechary, attorney-in-fact	05/27/2020
	** Signature of Reporting Person	Date
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