SEC Form 4 · accession 0001140361-18-028408
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
Jun 11, 2018
Accepted (ET)
Jun 13, 2018 · 4:25 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 | Jun 11, 2018 | G | 790 | $0.00 | D | 113,589 | I | By spouse as trustee of trust |
| Common stock | Jun 11, 2018 | M | 14,705 | $6.80 | A | 247,024 | I | By self as trustee of trust |
| Common stock | Jun 11, 2018 | M | 146,640 | $11.07 | A | 393,664 | I | By self as trustee of trust |
| Common stock | Jun 11, 2018 | M | 103,537 | $20.58 | A | 497,201 | I | By self as trustee of trust |
| Common stock | Jun 11, 2018 | M | 86,595 | $31.29 | A | 583,796 | I | By self as trustee of trust |
| Common stock | Jun 11, 2018 | M | 68,559 | $29.37 | A | 652,355 | I | By self as trustee of trust |
| Common stock | Jun 11, 2018 | M | 43,337 | $25.40 | A | 695,692 | I | By self as trustee of trust |
| Common stock | Jun 11, 2018 | F | 356,264 | $32.84 | D | 339,428 | 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 |
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) | $6.80 | Jun 11, 2018 | M | 14,705 | D | Jan 18, 2015 | Jan 18, 2019 | common stock | 14,705 | 0 | D |
| Incentive Stock Option (right to buy) | $11.07 | Jun 11, 2018 | M | 9,033 | D | Jan 16, 2016 | Jan 16, 2020 | common stock | 9,033 | 0 | D |
| Nonqualified Stock Option (right to buy) | $11.07 | Jun 11, 2018 | M | 137,607 | D | Jan 16, 2016 | Jan 16, 2020 | common stock | 137,607 | 0 | I |
| Incentive Stock Option (right to buy) | $20.58 | Jun 11, 2018 | M | 4,859 | D | Jan 16, 2017 | Jan 16, 2021 | common stock | 4,859 | 0 | D |
| Nonqualified Stock Option (right to buy) | $20.58 | Jun 11, 2018 | M | 98,678 | D | Jan 16, 2017 | Jan 16, 2021 | common stock | 98,678 | 0 | I |
| Incentive Stock Option (right to buy) | $31.29 | Jun 11, 2018 | M | 3,195 | D | Jan 29, 2018 | Jan 29, 2022 | common stock | 3,195 | 0 | D |
| Nonqualified Stock Option (right to buy) | $31.29 | Jun 11, 2018 | M | 83,400 | D | Jan 29, 2018 | Jan 29, 2022 | common stock | 83,400 | 0 | I |
| Nonqualified Stock Option (right to buy) | $29.37 | Jun 11, 2018 | M | 68,559 | D | Jan 28, 2018 | Jan 28, 2023 | common stock | 68,559 | 30,876 | I |
| Incentive Stock Option (right to buy) | $25.40 | Jun 11, 2018 | M | 1 | D | Jan 19, 2018 | Jan 19, 2024 | common stock | 1 | 3,937 | D |
| Nonqualified Stock Option (right to buy) | $25.40 | Jun 11, 2018 | M | 43,336 | D | Jan 19, 2018 | Jan 19, 2024 | common stock | 43,336 | 82,738 | I |
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.