SMITH BRYAN SCOTT 4
4 · SONIC AUTOMOTIVE INC · Filed Oct 1, 2018
Insider Transaction Report
Form 4
SMITH BRYAN SCOTT
Director10% Owner
Transactions
- Sale
Class B Common Stock
2018-09-27$21.44/sh−76,110$1,631,798→ 0 total→ Class A Common Stock (76,110 underlying) - Sale
Class B Common Stock
2018-09-27$21.44/sh−900,765$19,312,402→ 0 total(indirect: by BWI)→ Class A Common Stock (900,765 underlying) - Purchase
Class B Common Stock
2018-09-27$21.44/sh+976,875$20,944,200→ 9,858,125 total(indirect: by SFC)→ Class A Common Stock (976,875 underlying)
Footnotes (5)
- [F1]Shares of Sonic Automotive, Inc.'s Class B Common Stock are convertible into shares of Sonic Automotive, Inc.'s Class A Common Stock on a 1-for-1 basis at the option of the reporting person and there is no expiration date.
- [F2]The reported securities were transferred in a private, non-market transaction and are held by Sonic Financial Corporation ("SFC"), a North Carolina corporation of which the reporting person is a shareholder.
- [F3]Based solely on the average of the closing price of Sonic Automotive, Inc.'s Class A Common Stock for the 30-day trading period ended September 21, 2018, as reported by the New York Stock Exchange.
- [F4]The reported securities were held by BWI Financial, LLC ("BWI"), a North Carolina limited liability company of which the reporting person is a member and the sole manager.
- [F5]Represents the entire amount of Sonic Automotive, Inc.'s Class B Common Stock held by SFC. The reporting person disclaims beneficial ownership of Sonic Automotive, Inc.'s Class B Common Stock held by SFC, except to the extent of his pecuniary interest therein.