Sonic (SONC) Form 4 SONIC / Pedro Claudia San 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^*

San Pedro Claudia

(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)
President

3. Date of Earliest Transaction (Month/Day/Year)
11/30/2018

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	11/30/2018		G	V	4,610	D	$0	51,183(2)	D
Common Stock	12/07/2018		D(1)		51,183(2)	D	$43.5	0	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
Nonqualified Stock Option (right to buy)	$6.8	12/07/2018		D(1)			5,495	(3)	01/18/2019	Common Stock	5,495	$43.5	0	D
Stock Option (right to buy)(4)	$11.07	12/07/2018		D(1)			10,697	(3)	01/16/2020	Common Stock	10,697	$43.5	0	D
Stock Option (right to buy)(4)	$20.58	12/07/2018		D(1)			7,516	(3)	01/16/2021	Common Stock	7,516	$43.5	0	D
Stock Option (right to buy)(4)	$31.29	12/07/2018		D(1)			7,409	(3)	01/29/2022	Common Stock	7,409	$43.5	0	D
Stock Option (right to buy)(4)	$29.37	12/07/2018		D(1)			23,112	(3)	01/28/2023	Common Stock	23,112	$43.5	0	D
Stock Option (right to buy)(4)	$25.4	12/07/2018		D(1)			33,373	(3)	01/19/2024	Common Stock	33,373	$43.5	0	D
Stock Option (right to buy)(4)	$25.84	12/07/2018		D(1)			58,837	(3)	01/31/2025	Common Stock	58,837	$43.5	0	D

Explanation of Responses:

1. 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.

2. The total number of shares beneficially owned directly includes 13,663 shares held in the 1991 Sonic Corp. Stock Purchase Plan as of December 7, 2018.

3. Fully vested.

4. Previously, ISOs and NQs were reported as separate awards but are combined in this final Form 4 into one award by issue date.

	Carolyn C. Cummins for Claudia San Pedro	12/07/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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