SEC Form 4 · accession 0001225208-17-004172
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert C Tiede
Officer — Executive VP & COO
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 5:17 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 | 20,086 | $52.70 | A | 77,758 | D | |
| Common Stock | Feb 17, 2017 | M | 289 | $0.00 | A | 78,047 | D | |
| Common Stock | Feb 17, 2017 | F | 289 | $52.86 | D | 77,758 | D | |
| Common Stock | Feb 17, 2017 | F | 8,950 | $52.70 | D | 68,808 | D | |
| Common Stock | Feb 21, 2017 | M | 31,555 | $46.16 | A | 100,363 | D | |
| Common Stock | Feb 21, 2017 | M | 21,280 | $40.41 | A | 121,643 | D | |
| Common Stock | Feb 21, 2017 | D | 48,080 | $53.23 | D | 73,563 | 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 | 8,384 | A | — | — | Common Stock | 8,384 | 23,166 | D |
| Phantom Stock UnitsF1,F3 | $0.00 | Feb 17, 2017 | A | 1,740 | A | — | — | Common Stock | 1,740 | 24,906 | D |
| Phantom Stock UnitsF4 | $0.00 | Feb 17, 2017 | M | 289 | D | — | — | Common Stock | 289 | 24,617 | D |
| Stock Appreciation Right | $40.41 | Feb 21, 2017 | M | 21,280 | D | Feb 10, 2017 | Feb 10, 2026 | Common Stock | 21,280 | 43,205 | D |
| Stock Appreciation Right | $46.16 | Feb 21, 2017 | M | 31,555 | D | Feb 11, 2016 | Feb 11, 2025 | Common Stock | 31,555 | 16,256 | 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.
- F3The phantom stock units were accrued under the Sonoco Products Company Officers Deferred compensation plan and will be settled upon the reporting person's retirement or other 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.