SEC Form 4 · accession 0001140361-16-049623
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd Whitney Smith
Officer — President and CMO
Period of report
Jan 28, 2016
Accepted (ET)
Feb 1, 2016 · 6:09 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 | — | — | — | 0 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1 | $0.00 | Jan 28, 2016 | A | 11,000 | A | — | — | Common Stock | 11,000 | 11,000 | D |
| Incentive Stock OptionsF2 | $29.37 | Jan 28, 2016 | A | 3,949 | A | — | Jan 28, 2023 | Common Stock | 3,949 | 3,949 | D |
| Non-qualified Stock OptionsF2 | $29.37 | Jan 28, 2016 | A | 20,446 | A | — | Jan 28, 2023 | Common Stock | 20,446 | 20,446 | D |
Explanation of responses
- F1Shares will vest January 28, 2019 in accordance with the terms of the Restricted Stock Units granted January 28, 2016, and will be issued in shares of Sonic Corp. common stock on a one-for-one basis, subject to certain restrictions.
- 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.