SEC Form 4 · accession 0001140361-16-057852
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carolyn C. Cummins
Officer — Vice President
Period of report
Mar 14, 2016
Accepted (ET)
Mar 15, 2016 · 4:38 pm EDT
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 StockF1 | Mar 14, 2016 | M | 8,000 | $8.74 | A | 30,371 | D | |
| Common StockF2,F1 | Mar 14, 2016 | S | 8,000 | $32.1175 | D | 22,371 | D | |
| Common Stock | holding | — | — | — | 626 | I | As guardian for child |
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) | $8.74 | Mar 14, 2016 | M | 8,000 | D | Jan 14, 2012 | Jan 14, 2017 | Common Stock | 8,000 | 727 | D |
Explanation of responses
- F1The total number of shares beneficially owned directly includes 1,581 shares held in the Sonic Corp. Stock Purchase Plan as of March 14, 2016.
- F2This price represents the weighted average sales price. The shares sold at prices ranging from $32.1101 to $32.1601 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.