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SONOCO PRODUCTS CO — Director's Dealing 2016
Feb 24, 2016
31090_dirs_2016-02-23_4d20accc-693c-4062-9bdb-6ccaafcd56de.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: SONOCO PRODUCTS CO (SON)
CIK: 0000091767
Period of Report: 2016-02-19
Reporting Person: SANDERS MANCIL J (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-02-19 | Common Stock | A | 9112.0000 | $40.8700 | Acquired | 37508.0000 | Direct |
| 2016-02-19 | Common Stock | M | 1279.0000 | $0.0000 | Acquired | 38787.0000 | Direct |
| 2016-02-19 | Common Stock | F | 1279.0000 | $42.5600 | Disposed | 37508.0000 | Direct |
| 2016-02-19 | Common Stock | D | 9112.0000 | $40.8700 | Disposed | 28396.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-02-19 | Phantom Stock Units | $0.0000 | A | 38550.0000 | Acquired | Common Stock (38550.0000) | Direct | |
| 2016-02-19 | Phantom Stock Units | $0.0000 | M | 1279.0000 | Disposed | Common Stock (1279.0000) | Direct |
Footnotes
F1: Pursuant to the company's Clawback Policy, the total performance shares awarded were reduced by these shares to repay incentive compensation clawback as a result of the restatement of financial results in 2015.
F2: Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock.
F3: Represents performance shares which have vested but receipt of which has been deferred until six months after termination of service.
F4: Each share of phantom stock is the economic equivalent of one share of Sonoco Products Company common stock. The shares were cashed out to account for withholding taxes.