SEC Form 4 · accession 0001140361-16-047907
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Frank E Richardson III
Director
Period of report
Jan 14, 2016
Accepted (ET)
Jan 15, 2016 · 4:18 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 Stock | Jan 14, 2016 | M | 7,900 | $10.15 | A | 1,382,479 | D | |
| Common StockF1 | Jan 14, 2016 | S | 7,900 | $30.0037 | D | 1,374,579 | D | |
| Common Stock | Jan 15, 2016 | M | 4,503 | $10.15 | A | 1,379,082 | D | |
| Common StockF2 | Jan 15, 2016 | S | 4,503 | $28.9216 | D | 1,374,579 | D | |
| Common Stock | holding | — | — | — | 16,484 | I | Trustee of children's trusts | |
| Common Stock | holding | — | — | — | 1,500 | I | By son |
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) | $10.15 | Jan 14, 2016 | M | 7,900 | D | Jan 15, 2012 | Jan 15, 2016 | common stock | 7,900 | 4,503 | D |
| Non-qualified stock option (right to buy) | $10.15 | Jan 15, 2016 | M | 4,503 | D | Jan 15, 2012 | Jan 15, 2016 | common stock | 4,503 | 0 | D |
Explanation of responses
- F1This price represents the weighted average sales price. The shares sold at prices ranging from $30.00 to $30.03 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.
- F2This price represents the weighted average sales price. The shares sold at prices ranging from $28.765 to $29.04 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.