SEC Form 4 · accession 0001209191-15-078053
SONIC AUTOMOTIVE INC · SAH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bryan Scott Smith
Officer — CEO and President · Director
Period of report
Oct 30, 2015
Accepted (ET)
Nov 3, 2015 · 4:16 pm EST
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 | Oct 30, 2015 | M | 54,183 | $23.94 | A | 341,304 | D | |
| Class A Common StockF1 | Oct 30, 2015 | S | 54,183 | $25.0515 | D | 287,121 | D | |
| Class A Common Stock | Nov 2, 2015 | M | 17,817 | $23.94 | A | 304,938 | D | |
| Class A Common Stock | Nov 2, 2015 | M | 51,489 | $1.81 | A | 356,427 | D | |
| Class A Common Stock | Nov 2, 2015 | S | 69,306 | $25.00 | D | 287,121 | D | |
| Class A Common Stock | Nov 3, 2015 | M | 1,289 | $1.81 | A | 288,410 | D | |
| Class A Common StockF3 | Nov 3, 2015 | S | 1,289 | $25.0114 | D | 287,121 | D | |
| Class A Common StockF2 | holding | — | — | — | 69,686 | I | As a member of SMDA Development I, LLC | |
| Class A Common StockF2 | holding | — | — | — | 69,686 | I | As a member of SMDA Development I, LLC | |
| 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 | $23.94 | Oct 30, 2015 | M | 54,183 | D | Feb 9, 2008 | Feb 9, 2016 | Class A Common Stock | 54,183 | 17,817 | D |
| Options to Purchase | $23.94 | Nov 2, 2015 | M | 17,817 | D | Feb 9, 2008 | Feb 9, 2016 | Class A Common Stock | 17,817 | 0 | D |
| Options to Purchase | $1.81 | Nov 2, 2015 | M | 51,489 | D | Mar 30, 2012 | Mar 30, 2019 | Class A Common Stock | 51,489 | 1,289 | D |
| Options to Purchase | $1.81 | Nov 3, 2015 | M | 1,289 | D | Mar 30, 2012 | Mar 30, 2019 | Class A Common Stock | 1,289 | 0 | D |
Explanation of responses
- F1This transaction was executed in multiple trades at prices ranging from $25.00 per share to $25.31 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.
- F2The reporting person disclaims beneficial ownership of the shares held by SMDA Development I, LLC except to the extent of his pecuniary interest, if any, therein.
- F3This transaction was executed in multiple trades at prices ranging from $25.00 per share to $25.04 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.