SEC Form 4 · accession 0001140361-16-049574
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 28, 2016
Accepted (ET)
Feb 1, 2016 · 5:14 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 | holding | — | — | — | 85,567 | I | By self 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 | |
| Common Stock | holding | — | — | — | 209,338 | 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)F2 | $29.37 | Jan 28, 2016 | A | 3,404 | A | — | Jan 28, 2023 | Common Stock | 3,404 | 3,404 | D |
| Non-qualified Stock Option (right to buy)F2 | $29.37 | Jan 28, 2016 | A | 99,435 | A | — | Jan 28, 2023 | Common Stock | 99,435 | 99,435 | 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.
- F2One-third of the total number of options granted on January 28, 2016 will vest on each of the first three anniversary dates following the grant date.