Bartel Tony 4
4 · SONIC CORP · Filed Dec 10, 2018
Insider Transaction Report
Form 4
SONIC CORPSONC
Bartel Tony
Director
Transactions
- Disposition to Issuer
Common Stock
2018-12-07$43.50/sh−2,589$112,622→ 0 total - Disposition to Issuer
Nonqualified stock options (right to buy)
2018-12-07$43.50/sh−4,780$207,930→ 0 totalExercise: $31.29Exp: 2022-01-29→ Common Stock (4,780 underlying) - Disposition to Issuer
Restricted Stock Units
2018-12-07$43.50/sh−2,032$88,392→ 0 totalExercise: $0.00→ Common Stock (2,032 underlying) - Disposition to Issuer
Nonqualified stock options (right to buy)
2018-12-07$43.50/sh−6,222$270,657→ 0 totalExercise: $20.58Exp: 2021-01-16→ Common Stock (6,222 underlying) - Disposition to Issuer
Nonqualified stock options (right to buy)
2018-12-07$43.50/sh−5,136$223,416→ 0 totalExercise: $29.37Exp: 2023-01-28→ Common Stock (5,136 underlying) - Disposition to Issuer
Nonqualified stock options (right to buy)
2018-12-07$43.50/sh−6,675$290,363→ 0 totalExercise: $25.40Exp: 2024-01-19→ Common Stock (6,675 underlying) - Disposition to Issuer
Nonqualified stock options (right to buy)
2018-12-07$43.50/sh−8,237$358,310→ 0 totalExercise: $25.84Exp: 2025-01-31→ Common Stock (8,237 underlying) - Gift
Common Stock
2018-12-03−4,053→ 2,589 total
Footnotes (1)
- [F1]Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated September 24, 2018, by and among the issuer, Inspire Brands, Inc. and SSK Merger Sub, Inc. (the "Merger Agreement"). At the effective time of the merger as contemplated in the merger agreement, (i) each outstanding share of Company Common Stock, was cancelled and automatically converted into the right to receive $43.50 in cash and (ii) each Company Restricted Stock Unit and each Company Stock Option Award, vested and accelerated in full and was converted into the right to receive $43.50 in cash (or in the case of Company Stock Option Awards, the difference between the exercise price and $43.50).