J Clifford Hudson, Sonic Corp.'s Chief Executive Officer and a director of the company, recently disposed of 17,069 shares of the company. The disposals took place at $0.00 per share, on dates ranging from November 16 to August 10, 2017. Hudson still owns 322,452 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.
The above information was disclosed in a filing to th e SEC. To see the filing, click here.
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