HUDSON J CLIFFORD (Chief Executive Officer) reported 6 transactions at SONIC CORP

Review the transaction codes below to understand the nature of each event.

HUDSON J CLIFFORD

Filed: 12/10/2018ACC: 0001567619-18-007568

InsiderHUDSON J CLIFFORDCIK 1065239

→

IssuerSONIC CORPCIK 868611

DirectorOfficer· Chief Executive Officer

Since Oct 2018

-725.41K

Net shares

Net seller

$17.59M

Total sold

Open market trades

0B · 0S

Total transactions

725.41K disposed

Non-Derivative Transactions6

Common stock

Indirect

G · Gift

−9.97K

Price / share

—

Trade value

—

% of position

16.9%

10/1/2018

58.96K→48.99K

Common stock

Indirect

G · Gift

−3.47K

Price / share

—

Trade value

—

% of position

7.1%

10/10/2018

48.99K→45.52K

Common stock

Indirect

G · Gift

−45.52K

Price / share

—

Trade value

—

% of position

New position

11/9/2018

45.52K→0.00

Common Stock

Indirect

D · Disposition

−55K

Price / share

$43.50

Trade value

$2.39M

% of position

New position

12/7/2018

55K→0.00

Common Stock

Indirect

D · Disposition

−9.86K

Price / share

$43.50

Trade value

$428.69K

% of position

New position

12/7/2018

9.86K→0.00

Common Stock

Indirect

D · Disposition

−339.43K

Price / share

$43.50

Trade value

$14.77M

% of position

New position

12/7/2018

339.43K→0.00

Total

Net shares

−463.24K

Net value

-$17.59M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common stock Indirect	10/1/2018	G · Gift	−9.97K	—	—	16.9%	58.96K	48.99K
Common stock Indirect	10/10/2018	G · Gift	−3.47K	—	—	7.1%	48.99K	45.52K
Common stock Indirect	11/9/2018	G · Gift	−45.52K	—	—	New position	45.52K	0.00
Common Stock Indirect	12/7/2018	D · Disposition	−55K	$43.50	$2.39M	New position	55K	0.00
Common Stock Indirect	12/7/2018	D · Disposition	−9.86K	$43.50	$428.69K	New position	9.86K	0.00
Common Stock Indirect	12/7/2018	D · Disposition	−339.43K	$43.50	$14.77M	New position	339.43K	0.00
Total			−463.24K		-$17.59M

Derivative Transactions6

Incentive Stock Option (right to buy)

Direct

D · Disposition

Converts to

common stock

3.40K shares

−3.40K

Strike price

29.37

Held after

0.00

Exercisable

—

12/7/2018

Incentive Stock Option (right to buy)

Direct

D · Disposition

Converts to

common stock

3.94K shares

−3.94K

Strike price

25.4

Held after

0.00

Exercisable

—

12/7/2018

Incentive Stock Option (right to buy)

Direct

D · Disposition

Converts to

common stock

3.87K shares

−3.87K

Strike price

25.84

Held after

0.00

Exercisable

—

12/7/2018

Nonqualified Stock Option (right to buy)

Indirect

D · Disposition

Converts to

common stock

30.88K shares

−30.88K

Strike price

29.37

Held after

0.00

Exercisable

—

12/7/2018

Nonqualified Stock Option (right to buy)

Indirect

D · Disposition

Converts to

common stock

82.74K shares

−82.74K

Strike price

25.4

Held after

0.00

Exercisable

—

12/7/2018

Nonqualified Stock Option (right to buy)

Indirect

D · Disposition

Converts to

common stock

137.34K shares

−137.34K

Strike price

25.84

Held after

0.00

Exercisable

—

12/7/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Incentive Stock Option (right to buy) Direct	common stock3.40K shares	12/7/2018	D · Disposition	−3.40K	29.37	—
Incentive Stock Option (right to buy) Direct	common stock3.94K shares	12/7/2018	D · Disposition	−3.94K	25.4	—
Incentive Stock Option (right to buy) Direct	common stock3.87K shares	12/7/2018	D · Disposition	−3.87K	25.84	—
Nonqualified Stock Option (right to buy) Indirect	common stock30.88K shares	12/7/2018	D · Disposition	−30.88K	29.37	—
Nonqualified Stock Option (right to buy) Indirect	common stock82.74K shares	12/7/2018	D · Disposition	−82.74K	25.4	—
Nonqualified Stock Option (right to buy) Indirect	common stock137.34K shares	12/7/2018	D · Disposition	−137.34K	25.84	—