SEC Form 4 · accession 0001181431-15-008504
SONIC AUTOMOTIVE INC · SAH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Scott Smith
Officer — President and CSO · Director
Period of report
Jun 16, 2015
Accepted (ET)
Jun 19, 2015 · 7:27 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001043509
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Class B Common StockF2,F3,F4,F1 | — | Jun 16, 2015 | P | 68 | A | — | — | Class A Common Stock | 68 | 8,881,250 | I |
Explanation of responses
- F1Shares of Sonic Automotive, Inc.'s Class B Common Stock are convertible into shares of Sonic Automotive, Inc.'s Class A Common Stock on a 1-for-1 basis at the option of the reporting person and there is no expiration date.
- F2The reported securities are held by Sonic Financial Corporation ("SFC"), a North Carolina corporation of which the reporting person is a shareholder and an officer. On June 16, 2015, the reporting person's father, Mr. O. Bruton Smith, transferred voting shares of SFC to the reporting person and certain of his siblings in connection with estate and financial planning by Mr. O. Bruton Smith, and therefore, such transaction constitutes a proportionate transfer of his pecuniary interest in shares of Sonic Automotive, Inc.'s Class B Common Stock held by SFC to the reporting person.
- F3Based solely on the closing price of Sonic Automotive, Inc.'s Class A Common Stock on June 15, 2015, as reported by the New York Stock Exchange.
- F4Represents the entire amount of Sonic Automotive, Inc.'s Class B Common Stock held by SFC. The reporting person disclaims beneficial ownership of Sonic Automotive, Inc.'s Class B Common Stock held by SFC, except to the extent of his pecuniary interest therein.