SEC Form 4 · accession 0001140361-16-060421
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
Apr 4, 2016
Accepted (ET)
Apr 6, 2016 · 4:34 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,F2 | Apr 4, 2016 | S | 50,000 | $35.3166 | D | 55,000 | I | by family-owned LLC |
| Common Stock | Dec 22, 2015 | G | 500 | $0.00 | D | 85,067 | I | By self as trustee of trust |
| Common StockF3 | Apr 5, 2016 | S | 42,421 | $35.222 | D | 42,646 | I | By self as trustee of trust |
| Common Stock | Mar 4, 2015 | G | 4,570 | $0.00 | D | 204,768 | I | By spouse as trustee of trust |
| Common Stock | Apr 9, 2015 | G | 31,465 | $0.00 | D | 173,303 | I | By spouse as trustee of trust |
| Common Stock | Jul 2, 2015 | G | 490 | $0.00 | D | 172,813 | I | By spouse as trustee of trust |
| Common Stock | Sep 25, 2015 | G | 1,050 | $0.00 | D | 171,763 | I | By spouse as trustee of trust |
| Common Stock | Oct 1, 2015 | G | 500 | $0.00 | D | 171,263 | I | By spouse as trustee of trust |
| Common Stock | Nov 6, 2015 | G | 900 | $0.00 | D | 170,363 | I | By spouse as trustee of trust |
| Common Stock | Dec 2, 2015 | G | 1,045 | $0.00 | D | 169,318 | I | By spouse as trustee of trust |
| Common Stock | Dec 3, 2015 | G | 2,955 | $0.00 | D | 166,363 | I | By spouse as trustee of trust |
| Common Stock | Mar 18, 2016 | G | 2,000 | $0.00 | D | 164,363 | I | By spouse as trustee of trust |
| Common Stock | Apr 4, 2016 | S | 1,320 | $35.30 | D | 163,043 | I | By spouse as trustee of trust |
| Common Stock | holding | — | — | — | 9,855 | I | Trustee of son's trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This price represents the weighted average sales price. The shares sold at prices ranging from $35.30 to $35.45 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.
- F2The 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.
- F3This price represents the weighted average sales price. The shares sold at prices ranging from $35.21789 to $35.3 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.