4//SEC Filing
SCHUTZ JEFFREY H 4
Accession 0001567619-18-007613
CIK 0000868611other
Filed
Dec 9, 7:00 PM ET
Accepted
Dec 10, 3:16 PM ET
Size
24.0 KB
Accession
0001567619-18-007613
Insider Transaction Report
Form 4
SONIC CORPSONC
SCHUTZ JEFFREY H
Director
Transactions
- Gift
Common Stock
2018-10-22−233→ 43,294 total - Gift
Common Stock
2018-10-31−175→ 43,119 total - Gift
Common Stock
2018-10-12−425→ 44,452 total - Gift
Common Stock
2018-10-15−925→ 43,527 total - Disposition to Issuer
Common Stock
2018-12-07$43.50/sh−7,600$330,600→ 0 total(indirect: By family limited liability company) - Disposition to Issuer
Nonqualified Stock Option (right to buy)
2018-12-07$43.50/sh−6,675$290,363→ 0 total(indirect: By family limited liability company)Exercise: $25.40Exp: 2024-01-19→ common stock (6,675 underlying) - Disposition to Issuer
Common Stock
2018-12-07$43.50/sh−43,119$1,875,677→ 0 total - Disposition to Issuer
Nonqualified Stock Option (right to buy)
2018-12-07$43.50/sh−4,780$207,930→ 0 total(indirect: By family limited liability company)Exercise: $31.29Exp: 2022-01-29→ common stock (4,780 underlying) - Disposition to Issuer
Nonqualified Stock Option (right to buy)
2018-12-07$43.50/sh−8,237$358,310→ 0 total(indirect: By family limited liability company)Exercise: $25.84Exp: 2025-01-31→ common stock (8,237 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 Option (right to buy)
2018-12-07$43.50/sh−5,136$223,416→ 0 total(indirect: By family limited liability company)Exercise: $29.37Exp: 2023-01-28→ common stock (5,136 underlying)
Footnotes (2)
- [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).
- [F2]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.
Documents
Issuer
SONIC CORP
CIK 0000868611
Entity typeother
Related Parties
1- filerCIK 0001080935
Filing Metadata
- Form type
- 4
- Filed
- Dec 9, 7:00 PM ET
- Accepted
- Dec 10, 3:16 PM ET
- Size
- 24.0 KB