SEC Form 4 · accession 0001225208-17-004152
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin P Mahoney
Officer — SR VP CORP. PLANNING
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:58 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 17, 2017 | M | 5,019 | $40.41 | A | 5,423 | D | |
| Common Stock | Feb 17, 2017 | M | 3,729 | $46.16 | A | 9,152 | D | |
| Common Stock | Feb 17, 2017 | M | 180 | $0.00 | A | 9,332 | D | |
| Common Stock | Feb 17, 2017 | F | 180 | $52.86 | D | 9,152 | D | |
| Common Stock | Feb 17, 2017 | S | 535 | $53.08 | D | 8,617 | D | |
| Common Stock | Feb 17, 2017 | D | 570 | $53.07 | D | 8,047 | D | |
| Common Stock | Feb 17, 2017 | D | 7,643 | $53.10 | D | 404 | D | |
| Common Stock | holding | — | — | — | 2,743 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F2 | $0.00 | Feb 17, 2017 | A | 5,753 | A | — | — | Common Stock | 5,753 | 58,957 | D |
| Phantom Stock UnitsF1,F3 | $0.00 | Feb 17, 2017 | M | 180 | D | — | — | Common Stock | 180 | 58,777 | D |
| Stock Appreciation Right | $40.41 | Feb 17, 2017 | M | 5,019 | D | Feb 10, 2017 | Feb 10, 2026 | Common Stock | 5,019 | 10,191 | D |
| Stock Appreciation Right | $46.16 | Feb 17, 2017 | M | 3,729 | D | Feb 11, 2016 | Feb 11, 2025 | Common Stock | 3,729 | 3,842 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
- F2Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
- F3Each 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.