SEC Form 4 · accession 0001140361-15-001269
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Clifford Hudson
Officer — Chief Executive Officer · Director
Period of report
Jan 7, 2015
Accepted (ET)
Jan 9, 2015 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000868611
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 7, 2015 | M | 135,507 | $22.24 | A | 293,359 | I | By self as trustee of trust |
| Common Stock | Jan 7, 2015 | F | 112,338 | $29.72 | D | 181,021 | I | By self as trustee of trust |
| Common Stock | holding | — | — | — | 9,855 | I | Trustee of son's trust | |
| Common StockF2 | holding | — | — | — | 105,000 | I | By family owned LLC | |
| Common Stock | holding | — | — | — | 264,077 | I | By spouse as trustee of trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive Stock Option (right to buy) | $22.24 | Jan 7, 2015 | M | 4,496 | D | Jan 10, 2011 | Jan 10, 2015 | common stock | 4,496 | 0 | D |
| Non-qualified stock options (right to buy) | $22.24 | Jan 7, 2015 | M | 131,011 | D | Jan 10, 2011 | Jan 10, 2015 | common stock | 131,011 | 0 | I |
Explanation of responses
- F1Of the share total, 4,496 shares were acquired by the reporting person as an individual, then issued in the name of the reporting person's trust.
- F2The reporting person owns 21% of the family limited liability company and disclaims beneficial ownership of the issuer's shares held by the family limited liability company except to the extent of his pecuniary interest.