SEC Form 4 · accession 0001140361-16-047908
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 13, 2016
Accepted (ET)
Jan 15, 2016 · 4:19 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 13, 2016 | M | 112,500 | $10.15 | A | 147,435 | I | By self as trustee of trust |
| Common Stock | Jan 13, 2016 | M | 15,001 | $19.30 | A | 162,436 | I | By self as trustee of trust |
| Common Stock | Jan 13, 2016 | F | 76,869 | $29.58 | D | 85,567 | I | By self as trustee of trust |
| Common Stock | Dec 15, 2015 | G | 3,400 | $0.00 | D | 209,338 | I | By spouse as trustee of trust |
| Common Stock | holding | — | — | — | 9,855 | I | Trustee of son's trust | |
| Common StockF1 | holding | — | — | — | 105,000 | I | By family owned LLC |
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) | $10.15 | Jan 13, 2016 | M | 9,853 | D | Jan 15, 2012 | Jan 15, 2016 | Common Stock | 9,853 | 0 | D |
| Non-qualifieid Stock Option (right to buy) | $10.15 | Jan 13, 2016 | M | 102,647 | D | Jan 15, 2012 | Jan 15, 2016 | Common Stock | 102,647 | 0 | D |
| Incentive Stock Option (right to buy) | $19.30 | Jan 13, 2016 | M | 5,000 | D | Jan 31, 2009 | Jan 31, 2016 | Common Stock | 5,000 | 0 | D |
| Non-qualified Stock Option (right to buy) | $19.30 | Jan 13, 2016 | M | 10,001 | D | Jan 31, 2009 | Jan 31, 2016 | Common Stock | 10,001 | 0 | D |
Explanation of responses
- F1The 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.