SEC Form 4 · accession 0001225208-16-027686
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 19, 2016
Accepted (ET)
Feb 23, 2016 · 7:35 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 | 17,625 | $40.87 | A | 57,623 | D | |
| Common Stock | Feb 19, 2016 | M | 166 | $0.00 | A | 57,789 | D | |
| Common Stock | Feb 19, 2016 | F | 166 | $42.56 | D | 57,623 | D | |
| Common StockF1 | Feb 19, 2016 | D | 4,215 | $40.87 | D | 53,408 | D | |
| Common Stock | Feb 19, 2016 | F | 4,608 | $40.87 | D | 48,800 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF2,F3 | $0.00 | Feb 19, 2016 | A | 4,967 | A | — | — | Common Stock | 4,967 | 12,780 | D |
| Phantom Stock UnitsF4 | $0.00 | Feb 19, 2016 | M | 166 | D | — | — | Common Stock | 166 | 12,614 | D |
Explanation of responses
- F1Pursuant to the company's Clawback Policy, the total performance shares awarded were reduced by these shares to repay incentive compensation clawback as a result of the restatement of financial results in 2015.
- F2Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F3Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
- F4Each 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.