SEC Form 4 · accession 0001181431-15-005203
SONIC AUTOMOTIVE INC · SAH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Bruton Smith
Officer — Vice Chairman · Director
Period of report
Mar 25, 2015
Accepted (ET)
Mar 27, 2015 · 2:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001043509
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common Stock | Mar 25, 2015 | M | 20,000 | $21.23 | A | 192,592 | D | |
| Class A Common StockF1 | Mar 25, 2015 | S | 20,000 | $24.648 | D | 172,592 | D | |
| Class A Common StockF2 | holding | — | — | — | 69,686 | I | As a member of SMDA Development I, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options to purchase | $21.23 | Mar 25, 2015 | M | 20,000 | D | Oct 19, 2008 | Oct 19, 2015 | Class A Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $24.538 per share to $25.00 per share. The price reported reflects the weighted average sales 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 sold at each separate price within the range set forth in this footnote.
- F2Mr. Smith disclaims beneficial ownership of the shares held by SMDA Development I, LLC except to the extent of his pecuniary interest, if any, therein.