Strickland Sharon T 4

4 · SONIC CORP · Filed May 11, 2010

Form 4

Period: 2010-04-29

Vice President

Transactions

Disposition to Issuer
Non-qualified Stock Option (right to buy)
2010-04-29−5,009→ 0 total
Exercise: $22.54From: 2010-04-05Exp: 2014-04-05→ Common Stock (5,009 underlying)
Award
Non-qualified Stock Option (right to buy)
2010-04-29+12,007→ 12,007 total
Exercise: $13.20Exp: 2015-01-10→ Common Stock (12,007 underlying)
Award
Non-qualified Stock Option (right to buy)
2010-04-29+2,385→ 2,385 total
Exercise: $13.20From: 2011-04-29Exp: 2014-04-05→ Common Stock (2,385 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-04-29−13,488→ 0 total
Exercise: $22.24Exp: 2015-01-10→ Common Stock (13,488 underlying)
Award
Non-qualified Stock Option (right to buy)
2010-04-29+1,992→ 1,992 total
Exercise: $13.20From: 2011-04-29Exp: 2013-04-06→ Common Stock (1,992 underlying)
Disposition to Issuer
Non-qualified Stock Option (right to buy)
2010-04-29−4,185→ 0 total
Exercise: $23.08From: 2009-04-06Exp: 2013-04-06→ Common Stock (4,185 underlying)
Disposition to Issuer
Incentive Stock Option (right to buy)
2010-04-29−9,309→ 0 total
Exercise: $21.07From: 2008-08-17Exp: 2015-08-17→ Common Stock (9,309 underlying)
Award
Non-qualified Stock Option (right to buy)
2010-04-29+5,475→ 5,475 total
Exercise: $13.20From: 2011-04-29Exp: 2015-08-17→ Common Stock (5,475 underlying)
Disposition to Issuer
Non-qualified Stock Option (right to buy)
2010-04-29−9,927→ 0 total
Exercise: $22.24Exp: 2015-01-10→ Common Stock (9,927 underlying)

Footnotes (3)

[F1]On April 29, 2010, the issuer canceled, pursuant to the issuer's voluntary stock option exchange program, options previously granted to the reporting person. In exchange for the options canceled, the reporting person received a fewer number of options to purchase common stock.
[F2]One-third of the total number of options granted vest on each of the first three anniversary dates following the grant date.
[F3]Two-thirds of the options granted will vest on April 29, 2011, and one-third of the options granted will vest on January 10, 2012.

Documents

1 file