SEC Form 4 · accession 0001225208-19-002727
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Florence
Officer — VP, Gnl Council, Secretary
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 3:33 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 14, 2019 | M | 431 | $0.00 | A | 927 | D | |
| Common Stock | Feb 14, 2019 | F | 136 | $60.16 | D | 791 | D | |
| Common Stock | holding | — | — | — | 23 | I | By Spouse |
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 13, 2019 | A | 1,737 | A | Feb 13, 2020 | Feb 13, 2029 | Common Stock | 1,737 | 1,737 | D |
| Restricted Stock Units IIF1,F3 | $0.00 | Feb 13, 2019 | A | 230 | A | — | — | Common Stock | 230 | 453 | D |
| Stock Appreciation RightF4 | $60.77 | Feb 13, 2019 | A | 12,049 | A | Feb 13, 2020 | Feb 13, 2029 | Common Stock | 12,049 | 12,049 | D |
| Restricted Stock Units | $0.00 | Feb 14, 2019 | M | 431 | D | Feb 14, 2019 | Feb 14, 2028 | Common Stock | 431 | 877 | 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 12/17/2033. Vested shares will be paid to the reporting person six months following retirement or termination of service.
- F4SAR units vest beginning one year from date of grant in three annual installments of 33%, 33% and 34%.