SEC Form 4 · accession 0001225208-19-002749
SONOCO PRODUCTS CO · SON
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Adam Wood
Officer — VP Paper&Ind EMEA,Asia,ANZ
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 4:04 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 | 388 | $0.00 | A | 12,204 | D | |
| Common Stock | Feb 14, 2019 | F | 183 | $60.16 | D | 12,021 | D |
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 | 977 | A | Feb 13, 2020 | Feb 13, 2029 | Common Stock | 977 | 977 | D |
| Restricted Stock Units IIF1,F3 | $0.00 | Feb 13, 2019 | A | 274 | A | — | — | Common Stock | 274 | 1,351 | D |
| Stock Appreciation RightF4 | $60.77 | Feb 13, 2019 | A | 6,778 | A | Feb 13, 2020 | Feb 13, 2029 | Common Stock | 6,778 | 6,778 | D |
| Restricted Stock Units | $0.00 | Feb 14, 2019 | M | 388 | D | Feb 14, 2019 | Feb 14, 2028 | Common Stock | 388 | 789 | 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 07/08/2023. 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%.