Sonic (SONC) Form 4 SONIC / John H Budd III ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Budd John H III

(Last) (First) (Middle)

300 JOHNNY BENCH DRIVE

(Street)

OKLAHOMA CITY OK 73104

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SONIC CORP [ SONC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
12/07/2018

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2018		M		25,000	A	$18.32	32,065	D
Common Stock	10/01/2018		M		23,333	A	$20.58	55,398	D
Common Stock	10/01/2018		M		18,371	A	$31.29	73,769	D
Common Stock	10/01/2018		M		13,696	A	$29.37	87,465	D
Common Stock	10/01/2018		M		8,776	A	$25.4	96,241	D
Common Stock	10/01/2018		S		89,176	D	$43.2389(1)	7,065	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Incentive Stock Option (right to buy)	$18.32	10/01/2018		M			16,374	10/16/2016	10/16/2020	Common Stock	16,374	$0	0	D
Non-qualified Stock Option (right to buy)	$18.32	10/01/2018		M			8,626	10/16/2016	10/16/2020	Common Stock	8,626	$0	0	D
Incentive Stock Option (right to buy)	$20.58	10/01/2018		M			4,859	01/16/2017	01/16/2021	Common Stock	4,859	$0	0	D
Non-qualified Stock Option (right to buy)	$20.58	10/01/2018		M			18,474	01/16/2017	01/16/2021	Common Stock	18,474	$0	0	D
Incentive Stock Option (right to buy)	$31.29	10/01/2018		M			3,195	01/29/2018	01/29/2022	Common Stock	3,195	$0	0	D
Non-qualified Stock Option (right to buy)	$31.29	10/01/2018		M			15,176	01/29/2018	01/29/2022	Common Stock	15,176	$0	0	D
Non-qualified Stock Option (right to buy)	$29.37	10/01/2018		M			13,696	01/28/2018	01/28/2023	Copmon Stock	13,696	$0	3,444	D
Incentive Stock Option (right to buy)	$25.4	10/01/2018		M			1	01/19/2018	01/19/2024	Common Stock	1	$0	3,937	D
Non-qualified Stock Option (right to buy)	$25.4	10/01/2018		M			8,775	01/19/2018	01/19/2024	Common Stock	8,775	$0	13,615	D

Explanation of Responses:

1. This price represents the weighted average sales price. The shares sold at prices ranging from $43.20 to $43.37 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.

	Carolyn C. Cummins for John H. Budd III	10/02/2018
	** Signature of Reporting Person	Date
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