SEC Form 4 · accession 0001140361-18-004669
SONIC CORP · SONC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
E Edward Saroch
Officer — Senior VP of Subsidiary
Period of report
Jan 31, 2018
Accepted (ET)
Feb 2, 2018 · 2:14 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 StockF1 | holding | — | — | — | 92,467 | D |
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 | 11,821 | A | — | Jan 31, 2025 | Common Stock | 11,821 | 11,821 | D |
| Restricted Stock UnitsF3 | $0.00 | Jan 31, 2018 | A | 10,000 | A | Jan 31, 2021 | — | common stock | 10,000 | 10,000 | D |
Explanation of responses
- F1The total number of shares beneficially owned directly includes 2,730 shares held in the 1991 Sonic Corp. Stock Purchase Plan as of January 17, 2018.
- F2One-third of the total number of options granted on January 31, 2018 will vest on each of the first three anniversary dates following the grant date.
- F3The shares will vest on January 31, 2021 in accordance with the terms of the Restricted Stock Units granted January 31, 2018, and will be issued in shares of Sonic Corp. common stock on a one-for-one basis, subject to certain restrictions.