SEC Form 4 · accession 0001225208-16-026396
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Tiede
Officer — SVP-GLOB Consumer Pkg&Svc
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 6:38 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 | 8,628 | A | Feb 10, 2017 | Feb 10, 2027 | Common Stock | 8,628 | 8,628 | D |
| Restricted Stock Units IIF1,F2,F3 | $0.00 | Feb 10, 2016 | A | 590 | A | — | — | Common Stock | 590 | 1,729 | D |
| Restricted Stock Units IIF1,F4 | $0.00 | Feb 10, 2016 | F | 19 | D | — | — | Common Stock | 19 | 1,710 | D |
| Stock Appreciation Right | $40.41 | Feb 10, 2016 | A | 64,485 | A | Feb 10, 2017 | Feb 10, 2026 | Common Stock | 64,485 | 64,485 | D |
| Phantom Stock UnitsF5,F6 | $0.00 | Feb 11, 2016 | A | 1,499 | A | — | — | Common Stock | 1,499 | 7,813 | 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 vested 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.
- F5Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F6The phantom stock units were accrued under the Sonoco Products Company Officers Deferred compensation plan and will be settled upon the reporting person's retirement or other termination of service.