SEC Form 4 · accession 0001140361-18-032844
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
Jul 17, 2018
Accepted (ET)
Jul 19, 2018 · 9:46 am 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 StockF1 | Jul 17, 2018 | M | 21,896 | $6.80 | A | 114,399 | D | |
| Common StockF2,F1 | Jul 17, 2018 | S | 21,896 | $36.4643 | D | 92,503 | 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) | $6.80 | Jul 17, 2018 | M | 14,378 | D | Jan 18, 2015 | Jan 18, 2019 | Common Stock | 14,378 | 0 | D |
| Non-qualified Stock Option (right to buy) | $6.80 | Jul 17, 2018 | M | 7,518 | D | Jan 18, 2015 | Jan 18, 2019 | Common Stock | 7,518 | 0 | D |
Explanation of responses
- F1The total number of shares beneficially owned directly includes 2,766 shares held in the 1991 Sonic Corp. Stock Purchase Plan as of June 16, 2018.
- F2This price represents the weighted average sales price. The shares sold at prices ranging from $36.27 to $36.60 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.