BUDD JOHN H III (Executive Vice President) sold 92.7% of their position (89.18K shares) of SONIC CORP on the open market

Open‑market sale worth $3.86M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

BUDD JOHN H III

Filed: 12/10/2018ACC: 0001567619-18-007560

InsiderBUDD JOHN H IIICIK 1585235

→

IssuerSONIC CORPCIK 868611

Officer· Executive Vice President

Since Aug 2018

-89.18K

Net shares

Net seller

$3.86M

Total sold

Open market trades

0B · 1S

Total transactions

89.18K acquired · 178.35K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+25K

Price / share

$18.32

Trade value

$458K

% of position

353.9%

10/1/2018

7.07K→32.06K

Common Stock

Direct

M · Option Exercise

+23.33K

Price / share

$20.58

Trade value

$480.19K

% of position

72.8%

10/1/2018

32.06K→55.40K

Common Stock

Direct

M · Option Exercise

+18.37K

Price / share

$31.29

Trade value

$574.83K

% of position

33.2%

10/1/2018

55.40K→73.77K

Common Stock

Direct

M · Option Exercise

+13.70K

Price / share

$29.37

Trade value

$402.25K

% of position

18.6%

10/1/2018

73.77K→87.47K

Common Stock

Direct

M · Option Exercise

+8.78K

Price / share

$25.40

Trade value

$222.91K

% of position

10.0%

10/1/2018

87.47K→96.24K

Common Stock

Direct

S · Sale

−89.18K

Price / share

$43.24

Trade value

$3.86M

% of position

92.7%

10/1/2018

96.24K→7.07K

Total

Net shares

+0.00

Net value

-$1.72M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	10/1/2018	M · Option Exercise	+25K	$18.32	$458K	353.9%	7.07K	32.06K
Common Stock Direct	10/1/2018	M · Option Exercise	+23.33K	$20.58	$480.19K	72.8%	32.06K	55.40K
Common Stock Direct	10/1/2018	M · Option Exercise	+18.37K	$31.29	$574.83K	33.2%	55.40K	73.77K
Common Stock Direct	10/1/2018	M · Option Exercise	+13.70K	$29.37	$402.25K	18.6%	73.77K	87.47K
Common Stock Direct	10/1/2018	M · Option Exercise	+8.78K	$25.40	$222.91K	10.0%	87.47K	96.24K
Common Stock Direct	10/1/2018	S · Sale	−89.18K	$43.24	$3.86M	92.7%	96.24K	7.07K
Total			+0.00		-$1.72M

Derivative Transactions9

Incentive Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

16.37K shares

−16.37K

Strike price

18.32

Held after

0.00

Exercisable

—

10/1/2018

Non-qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

8.63K shares

−8.63K

Strike price

18.32

Held after

0.00

Exercisable

—

10/1/2018

Incentive Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

4.86K shares

−4.86K

Strike price

20.58

Held after

0.00

Exercisable

—

10/1/2018

Non-qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

18.47K shares

−18.47K

Strike price

20.58

Held after

0.00

Exercisable

—

10/1/2018

Incentive Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

3.19K shares

−3.19K

Strike price

31.29

Held after

0.00

Exercisable

—

10/1/2018

Non-qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

15.18K shares

−15.18K

Strike price

31.29

Held after

0.00

Exercisable

—

10/1/2018

Non-qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Copmon Stock

13.70K shares

−13.70K

Strike price

29.37

Held after

3.44K

Exercisable

—

10/1/2018

Incentive Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

1.00 shares

−1.00

Strike price

25.4

Held after

3.94K

Exercisable

—

10/1/2018

Non-qualified Stock Option (right to buy)

Direct

M · Option Exercise

Converts to

Common Stock

8.78K shares

−8.78K

Strike price

25.4

Held after

13.62K

Exercisable

—

10/1/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Incentive Stock Option (right to buy) Direct	Common Stock16.37K shares	10/1/2018	M · Option Exercise	−16.37K	18.32	—	0.00
Non-qualified Stock Option (right to buy) Direct	Common Stock8.63K shares	10/1/2018	M · Option Exercise	−8.63K	18.32	—	0.00
Incentive Stock Option (right to buy) Direct	Common Stock4.86K shares	10/1/2018	M · Option Exercise	−4.86K	20.58	—	0.00
Non-qualified Stock Option (right to buy) Direct	Common Stock18.47K shares	10/1/2018	M · Option Exercise	−18.47K	20.58	—	0.00
Incentive Stock Option (right to buy) Direct	Common Stock3.19K shares	10/1/2018	M · Option Exercise	−3.19K	31.29	—	0.00
Non-qualified Stock Option (right to buy) Direct	Common Stock15.18K shares	10/1/2018	M · Option Exercise	−15.18K	31.29	—	0.00
Non-qualified Stock Option (right to buy) Direct	Copmon Stock13.70K shares	10/1/2018	M · Option Exercise	−13.70K	29.37	—	3.44K
Incentive Stock Option (right to buy) Direct	Common Stock1.00 shares	10/1/2018	M · Option Exercise	−1.00	25.4	—	3.94K
Non-qualified Stock Option (right to buy) Direct	Common Stock8.78K shares	10/1/2018	M · Option Exercise	−8.78K	25.4	—	13.62K