SEC Form 4 · accession 0001140361-16-049604
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey H Schutz
Director
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 5:41 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 28, 2016 | M | 1,358 | $0.00 | A | 41,658 | D | |
| Common StockF1 | holding | — | — | — | 7,600 | I | By family limited liability company |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | $0.00 | Jan 28, 2016 | M | 1,358 | D | — | — | Common Stock | 1,358 | 0 | D |
| Non-qualified stock option (right to buy)F3 | $29.37 | Jan 28, 2016 | A | 5,136 | A | — | — | Common Stock | 5,136 | 5,136 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 28, 2016 | A | 1,447 | A | — | — | Common Stock | 1,447 | 1,447 | D |
Explanation of responses
- F1The reporting person owns 50% 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.
- F2Shares vested on January 28, 2016 in accordance with the terms of Restricted Stock Units granted January 29, 2015, and were issued in shares of Sonic Corp. common stock on a one-for-one basis, subject to certain restrictions.
- F3Restricted Stock Units and Non-qualified Stock Options shall vest on the earlier of (i) the first anniversary of the Grant Date or (ii) the date of the Sonic Corp. annual shareholders' meeting in the following year.