SEC Form 4 · accession 0001140361-18-004655
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
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 1:24 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 | — | — | — | 9,855 | I | Trustee of son's trust | |
| Common StockF1 | holding | — | — | — | 55,000 | I | by family-owned LLC | |
| Common Stock | holding | — | — | — | 114,379 | I | By spouse as trustee of trust | |
| Common stock | holding | — | — | — | 232,319 | I | By self 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Incentive stock option (right to buy)F2 | $25.84 | Jan 31, 2018 | A | 3,869 | A | — | Jan 31, 2025 | common stock | 3,869 | 3,869 | D |
| Nonqualified stock option (right to buy)F2 | $25.84 | Jan 31, 2018 | A | 137,341 | A | — | Jan 31, 2025 | common stock | 137,341 | 137,341 | 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.
- F2One-third of the total number of options granted January 31, 2018 will vest on each of the first three anniversary dates following the grant date.