X0306 4 2015-09-23 0000069891 NATIONAL BEVERAGE CORP FIZZ 0001024406 CONLEE CECIL D 8100 SW 10TH STREET SUITE 4000 PLANTATION FL 33324 1 Common Stock 2015-09-23 4 P 0 1600 28.38 A 27840 D Keep Stock Option 17.03 2015-09-24 4 A 0 800 0 A 2021-09-24 2025-09-24 Common Stock 800 34000 D Under the company's Key Employee Equity Partnership Program ("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 common stock over a 6 year vesting period. As a result of open market stock purchases made by Mr. Conlee on September 23, he was granted KEEP options on September 24, 2015. Reference is made to Exhibit 10.8 of the Company's Form 10-K for the year ended May 2, 2015. /s/ Cecil D. Conlee 2015-09-25