SEC Form 4 · accession 0001567619-18-007613

SONIC CORP · SONC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Director

Period of report

Oct 12, 2018

Accepted (ET)

Dec 10, 2018 · 3:16 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 12, 2018	G	425	$0.00	D	44,452	D
Common Stock	Oct 15, 2018	G	925	$0.00	D	43,527	D
Common Stock	Oct 22, 2018	G	233	$0.00	D	43,294	D
Common Stock	Oct 31, 2018	G	175	$0.00	D	43,119	D
Common Stock^F2	Dec 7, 2018	D	7,600	$43.50	D	0	I	By family limited liability company
Common Stock	Dec 7, 2018	D	43,119	$43.50	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	D/I
Restricted Stock Units^F1	$0.00	Dec 7, 2018	D	2,032	D	—	—	Common Stock	2,032	D
Nonqualified Stock Option (right to buy)^F2,F1	$31.29	Dec 7, 2018	D	4,780	D	—	Jan 29, 2022	common stock	4,780	I
Nonqualified Stock Option (right to buy)^F2,F1	$29.37	Dec 7, 2018	D	5,136	D	—	Jan 28, 2023	common stock	5,136	I
Nonqualified Stock Option (right to buy)^F2,F1	$25.40	Dec 7, 2018	D	6,675	D	—	Jan 19, 2024	common stock	6,675	I
Nonqualified Stock Option (right to buy)^F2,F1	$25.84	Dec 7, 2018	D	8,237	D	—	Jan 31, 2025	common stock	8,237	I

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. (the "Merger Agreement"). At the effective time of the merger as contemplated in the merger agreement, (i) each outstanding share of Company Common Stock, was cancelled and automatically converted into the right to receive $43.50 in cash and (ii) each Company Restricted Stock Unit and each Company Stock Option Award, vested and accelerated in full and was converted into the right to receive $43.50 in cash (or in the case of Company Stock Option Awards, the difference between the exercise price and $43.50).
F2The reporting person owns 50% 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.