SONIC CORP 4
4 · SONIC CORP · Filed Feb 1, 2016
Insider Transaction Report
Form 4
SONIC CORPSONC
SCHUTZ JEFFREY H
Director
Transactions
- Exercise/Conversion
Common Stock
2016-01-28+1,358→ 41,658 total - Award
Restricted Stock Units
2016-01-28+1,447→ 1,447 totalExercise: $0.00→ Common Stock (1,447 underlying) - Exercise/Conversion
Restricted Stock Units
2016-01-28−1,358→ 0 totalExercise: $0.00→ Common Stock (1,358 underlying) - Award
Non-qualified stock option (right to buy)
2016-01-28+5,136→ 5,136 totalExercise: $29.37→ Common Stock (5,136 underlying)
Holdings
- 7,600(indirect: By family limited liability company)
Common Stock
Footnotes (3)
- [F1]The reporting person owns 50% of the family limited liability company and disclaims beneficial ownership of the issuer's shares held by the family limited liability company except to the extent of his pecuniary interest.
- [F2]Shares vested on January 28, 2016 in accordance with the terms of Restricted Stock Units granted January 29, 2015, and were issued in shares of Sonic Corp. common stock on a one-for-one basis, subject to certain restrictions.
- [F3]Restricted Stock Units and Non-qualified Stock Options shall vest on the earlier of (i) the first anniversary of the Grant Date or (ii) the date of the Sonic Corp. annual shareholders' meeting in the following year.