SEC Form 4 · accession 0001567619-18-007568
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
Oct 1, 2018
Accepted (ET)
Dec 10, 2018 · 2:33 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 | Oct 1, 2018 | G | 9,970 | $0.00 | D | 48,989 | I | By spouse as trustee of trust |
| Common stock | Oct 10, 2018 | G | 3,466 | $0.00 | D | 45,523 | I | By spouse as trustee of trust |
| Common stock | Nov 9, 2018 | G | 45,523 | $0.00 | D | 0 | I | By spouse as trustee of trust |
| Common StockF2 | Dec 7, 2018 | D | 55,000 | $43.50 | D | 0 | I | By family-owned LLC |
| Common Stock | Dec 7, 2018 | D | 9,855 | $43.50 | D | 0 | I | Trustee of son's trust |
| Common Stock | Dec 7, 2018 | D | 339,428 | $43.50 | D | 0 | 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)F3 | $29.37 | Dec 7, 2018 | D | 3,404 | D | — | Jan 28, 2023 | common stock | 3,404 | 0 | D |
| Incentive Stock Option (right to buy)F3 | $25.40 | Dec 7, 2018 | D | 3,937 | D | — | Jan 19, 2024 | common stock | 3,937 | 0 | D |
| Incentive Stock Option (right to buy)F3 | $25.84 | Dec 7, 2018 | D | 3,869 | D | — | Jan 31, 2025 | common stock | 3,869 | 0 | D |
| Nonqualified Stock Option (right to buy)F3 | $29.37 | Dec 7, 2018 | D | 30,876 | D | — | Jan 28, 2023 | common stock | 30,876 | 0 | I |
| Nonqualified Stock Option (right to buy)F3 | $25.40 | Dec 7, 2018 | D | 82,738 | D | — | Jan 19, 2024 | common stock | 82,738 | 0 | I |
| Nonqualified Stock Option (right to buy)F3 | $25.84 | Dec 7, 2018 | D | 137,341 | D | — | Jan 31, 2025 | common stock | 137,341 | 0 | I |
Explanation of responses
- F1Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated September 24, 2018, by and among the issuer, Inspire Brands, Inc. and SSK Merger Sub, Inc.
- F2The reporting person owns 29.4% 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.
- F3Fully vested.