SEC Form 4 · accession 0001140361-17-042083
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
Nov 9, 2017
Accepted (ET)
Nov 13, 2017 · 2:52 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 | Nov 9, 2017 | M | 103,913 | $11.19 | A | 236,731 | I | By self as trustee of trust |
| Common stock | Nov 9, 2017 | F | 74,078 | $24.39 | D | 162,653 | I | By self 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 | |
| Common Stock | holding | — | — | — | 124,779 | I | By spouse as trustee of trust |
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) | $11.19 | Nov 9, 2017 | M | 103,913 | D | Jan 6, 2014 | Jan 6, 2018 | common stock | 103,913 | 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.