SEC Form 4 · accession 0001140361-15-027854
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen C Vaughan
Officer — Former Executive Vice Pres.
Period of report
Jul 16, 2015
Accepted (ET)
Jul 17, 2015 · 11:39 am EDT
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 | Jul 16, 2015 | M | 21,250 | $11.19 | A | 116,911 | D | |
| Common StockF2,F1 | Jul 16, 2015 | S | 21,250 | $29.0637 | D | 95,661 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified stock option (right to buy) | $11.19 | Jul 16, 2015 | M | 21,250 | D | Jan 6, 2014 | Jan 6, 2018 | Common Stock | 21,250 | 0 | D |
Explanation of responses
- F1The total number of shares beneficially owned directly includes 6,209 shares held in the 1991 Sonic Corp. Stock Purchase Plan as of May 29, 2015.
- F2This price represents the weighted average sales price. The shares sold at prices ranging from $29.00 to $29.2125 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.