1812 Brewing Company Inc (KEGS)

[travel489]

The S-8 was issued in conjunction with the publication of the 'pay for performance plan' that was required as part of the Hackett's deal. It showed no shares issued to anyone. And, shares issued to certain 'insiders' would, of course, trigger specific SEC filings too.

The pay for performance plan was written as good as any I have seen in Dow 30 companies and if you take the time to read it you'll see that any shares issued as part of the pay for performance plan are restricted for one year before they can be sold.

Those plans issue a number of shares at a certain price and are of value to the recipient if and when the price of the stock goes up, they are not necessarily stock grants which is something all together differrent...but, even stock grants typically carry a restriction time period.

Check it out, TS has done the underlying work for SWVC as professional and as detailed as one would expect from a big board stock...imo, of course.