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SONIC AUTOMOTIVE INC — Director's Dealing 2012
Mar 9, 2012
31493_dirs_2012-03-09_cbfb285d-e66e-4618-933f-d220b9c8296c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SONIC AUTOMOTIVE INC (SAH)
CIK: 0001043509
Period of Report: 2012-03-09
Reporting Person: SMITH BRYAN SCOTT (Director, President and CSO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2012-03-09 | Class A Common Stock | M | 105555 | $1.81 | Acquired | 309744 | Direct |
| 2012-03-09 | Class A Common Stock | S | 105555 | $18.1194 | Disposed | 204189 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2012-03-09 | Options to purchase | $1.81 | M | 105555 | Disposed | 2019-03-30 | Class A Common Stock (105555) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Class A Common Stock | 69686 | Indirect |
Footnotes
F1: This transaction was executed in multiple trades at prices ranging from $18.00 per share to $18.32 per share. The price reported reflects the weighted average sales price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F2: Mr. Smith disclaims beneficial ownership of the shares held by SMDA Development I, LLC except to the extent of his pecuniary interest, if any, therein.
F3: Options vest in three equal annual installments beginning on March 30, 2010.