J Clifford Hudson, Sonic Corp.'s Chief Executive Officer and a director of the company, recently disposed of 2,680 shares of the company. The disposals took place at $0.00 per share, on dates ranging from October 26 to December 21, 2016. Hudson still owns 339,521 shares of the company. At least some of the disposals which took place during this transaction were gifts or donations. Hudson operates out of Oklahoma City, OK. Some additional info was provided as follows:
The reporting person owns 21% 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.
One-third of the total number of options granted on January 19, 2017 will vest on ea
ch of the first three anniversary dates following the grant date.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever Sonic Corp. makes a similar move, sign up!