SONIC AUTOMOTIVE INC — Director's Dealing 2021

Apr 14, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SONIC AUTOMOTIVE INC (SAH)
CIK: 0001043509
Period of Report: 2021-04-12

Reporting Person: Byrd Heath (EVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-12	Class A Common Stock	M	12729	$16.76	Acquired	118490	Direct
2021-04-12	Class A Common Stock	S	12729	$49.83	Disposed	105761	Direct
2021-04-13	Class A Common Stock	M	9281	$16.76	Acquired	115042	Direct
2021-04-13	Class A Common Stock	S	9281	$49.17	Disposed	105761	Direct
2021-04-14	Class A Common Stock	M	45483	$16.76	Acquired	151244	Direct
2021-04-14	Class A Common Stock	S	45483	$49.80	Disposed	105761	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-12	Options to purchase	$16.76	M	12729	Disposed	2030-04-10	Class A Common Stock (12729)	Direct
2021-04-13	Options to purchase	$16.76	M	9281	Disposed	2030-04-10	Class A Common Stock (9281)	Direct
2021-04-14	Options to purchase	$16.76	M	45483	Disposed	2030-04-10	Class A Common Stock (45483)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	23651	Indirect

Footnotes

F1: Employee stock options exercised and underlying shares sold pursuant to pre-established 10b5-1 Trading Plan.

F2: This transaction was executed in multiple trades at prices ranging from $49.35 per share to $50.07 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 purchased at each separate price within the range set forth in this footnote.

F3: This transaction was executed in multiple trades at prices ranging from $49.00 per share to $49.40 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 purchased at each separate price within the range set forth in this footnote.

F4: This transaction was executed in multiple trades at prices ranging from $49.00 per share to $50.24 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 purchased at each separate price within the range set forth in this footnote.

F5: The date indicated is the grant date, and the options vest in three equal installments on the anniversary of the grant date, subject to continued employment requirements and compliance with certain restrictive covenants.