SEC Form 4 · accession 0001225208-16-026391
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry L Saunders
Officer — SVP, CFO
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 6:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000091767
Table I — non-derivative securities
No Table I lines on this filing.
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 | $0.00 | Feb 10, 2016 | A | 7,301 | A | Feb 10, 2017 | Feb 10, 2027 | Common Stock | 7,301 | 7,301 | D |
| Restricted Stock Units IIF1,F2,F3 | $0.00 | Feb 10, 2016 | A | 562 | A | — | — | Common Stock | 562 | 1,117 | D |
| Restricted Stock Units IIF1,F4 | $0.00 | Feb 10, 2016 | F | 19 | D | — | — | Common Stock | 19 | 1,098 | D |
| Stock Appreciation Right | $40.41 | Feb 10, 2016 | A | 54,564 | A | Feb 10, 2017 | Feb 10, 2026 | Common Stock | 54,564 | 54,564 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Sonoco Products Company common stock.
- F2The restricted stock units vest on immediately. Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F3Vested 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.