SEC Form 4 · accession 0001225208-16-026380
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vicki B Arthur
Officer — VP Global Protective Solutions
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 5:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091767
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 25,241 | D | ||
| Common Stock | holding | — | — | — | 1,466 | I | By 401k |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Feb 10, 2016 | A | 1,892 | A | Feb 10, 2017 | — | Common Stock | 1,892 | 1,892 | D |
| Restricted Stock Units IIF1,F3 | $0.00 | Feb 10, 2016 | A | 406 | A | — | — | Common Stock | 406 | 1,070 | D |
| Restricted Stock Units IIF1,F4 | $0.00 | Feb 10, 2016 | F | 14 | D | — | — | Common Stock | 14 | 1,056 | D |
| Stock Appreciation Right | $40.41 | Feb 10, 2016 | A | 14,137 | A | Feb 10, 2017 | Feb 10, 2026 | Common Stock | 14,137 | 14,137 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F2Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F3The restricted stock units vested immediately . Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F4Each share of Restricted Stock Unit is the equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.