SEC Form 4 · accession 0001225208-18-003142
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 14, 2018
Accepted (ET)
Feb 16, 2018 · 3:48 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 14, 2018 | A | 12,265 | A | Feb 14, 2019 | Feb 14, 2028 | Common Stock | 12,265 | 12,265 | D |
| Restricted Stock Units IIF1,F3 | $0.00 | Feb 14, 2018 | A | 544 | A | — | — | Common Stock | 544 | 2,710 | D |
| Restricted Stock Units IIF4,F1,F3 | $0.00 | Feb 14, 2018 | F | 17 | D | — | — | Common Stock | 17 | 2,693 | D |
| Stock Appreciation RightF5 | $50.83 | Feb 14, 2018 | A | 89,504 | A | Feb 14, 2019 | Feb 8, 2028 | Common Stock | 89,504 | 89,504 | 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 vest on 2/03/2014. 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%.