SEC Form 4 · accession 0001225208-17-002877
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry L Saunders
Officer — Sr VP, CFO
Period of report
Feb 8, 2017
Accepted (ET)
Feb 10, 2017 · 8:50 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,F2 | $0.00 | Feb 8, 2017 | A | 4,914 | A | Feb 8, 2018 | Feb 8, 2027 | Common Stock | 4,914 | 4,914 | D |
| Restricted Stock Units IIF1,F3 | $0.00 | Feb 8, 2017 | A | 456 | A | — | — | Common Stock | 456 | 1,554 | D |
| Restricted Stock Units IIF1,F4 | $0.00 | Feb 8, 2017 | F | 15 | D | — | — | Common Stock | 15 | 1,539 | D |
| Stock Appreciation RightF5 | $54.46 | Feb 8, 2017 | A | 34,740 | A | Feb 8, 2018 | Feb 8, 2027 | Common Stock | 34,740 | 34,740 | 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 beginning one year from date of grant in three annual installments of 33%, 33% and 34%.
- 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.
- F5SAR units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.