SEC Form 4 · accession 0001225208-17-004159
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mancil J Sanders
Officer — President & CEO · Director
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 5:03 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 | A | 28,558 | $52.70 | A | 56,954 | D | |
| Common Stock | Feb 17, 2017 | M | 1,028 | $0.00 | A | 57,982 | D | |
| Common Stock | Feb 17, 2017 | F | 1,028 | $52.86 | D | 56,954 | D | |
| Common Stock | Feb 17, 2017 | F | 13,980 | $52.70 | D | 42,974 | 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 UnitsF1,F2 | $0.00 | Feb 17, 2017 | A | 29,860 | A | — | — | Common Stock | 29,860 | 232,855 | D |
| Phantom Stock UnitsF1,F3 | $0.00 | Feb 17, 2017 | M | 1,028 | D | — | — | Common Stock | 1,028 | 231,827 | 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.