SEC Form 4 · accession 0001225208-16-027683
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Roger P Schrum
Officer — VP Invstr Rel & Corp Affairs
Period of report
Feb 11, 2016
Accepted (ET)
Feb 23, 2016 · 7:33 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 | Feb 19, 2016 | A | 875 | $40.87 | A | 4,863 | D | |
| Common Stock | Feb 19, 2016 | M | 113 | $0.00 | A | 4,976 | D | |
| Common Stock | Feb 19, 2016 | F | 113 | $42.56 | D | 4,863 | D | |
| Common Stock | Feb 19, 2016 | F | 299 | $40.87 | D | 4,564 | D | |
| Common Stock | holding | — | — | — | 1,054 | I | by 401k plan |
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 11, 2016 | F | 11 | D | Feb 11, 2016 | Feb 11, 2025 | Common Stock | 11 | 993 | D |
| Phantom Stock UnitsF3,F4 | $0.00 | Feb 19, 2016 | A | 3,716 | A | — | — | Common Stock | 3,716 | 10,417 | D |
| Phantom Stock UnitsF5 | $0.00 | Feb 19, 2016 | M | 113 | D | — | — | Common Stock | 113 | 10,304 | 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 33%, 33%, 34% per year from date of grant. Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F3Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F4Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
- F5Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.