SEC Form 4 · accession 0001140361-16-076140
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
Aug 10, 2016
Accepted (ET)
Aug 12, 2016 · 2:39 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 Stock | Aug 10, 2016 | M | 235,644 | $8.74 | A | 278,290 | I | By self as trustee of trust |
| Common Stock | Aug 10, 2016 | F | 145,472 | $28.34 | D | 132,818 | I | By self as trustee of trust |
| Common Stock | May 31, 2016 | G | 7,370 | $0.00 | D | 155,673 | I | By spouse as trustee of trust |
| Common Stock | Jun 16, 2016 | G | 840 | $0.00 | D | 154,833 | I | By spouse as trustee of trust |
| Common Stock | holding | — | — | — | 9,855 | I | Trustee of son's trust | |
| Common StockF1 | holding | — | — | — | 55,000 | I | by family-owned LLC |
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) | $8.74 | Aug 10, 2016 | M | 11,442 | D | Jan 14, 2013 | Jan 14, 2017 | Common Stock | 11,442 | 0 | D |
| Non-qualified Stock Option (right to buy) | $8.74 | Aug 10, 2016 | M | 224,202 | D | Jan 14, 2013 | Jan 14, 2017 | Common Stock | 224,202 | 0 | 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.