SEC Form 4 · accession 0001181431-15-008506

SONIC AUTOMOTIVE INC · SAH

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Chairman and CEO · Director · 10% Owner

Period of report

Jun 16, 2015

Accepted (ET)

Jun 19, 2015 · 7:34 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.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Class B Common Stock^F2,F3,F4,F1	—	Jun 16, 2015	S	203	D	—	—	Class A Common Stock	203	8,881,250	I
Class B Common Stock^F1	—	holding	—	—	—	—	—	Class A Common Stock	2,171,250	2,171,250	D

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, officer and director. On June 16, 2015, the reporting person transferred voting shares of SFC to certain of his lineal descendants in connection with estate and financial planning, 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.
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.