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Form 4 SONIC CORP For: Apr 13 Filed by: Bass Paige S

April 15, 2016 4:13 PM EDT
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
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hours per response: 0.5
  
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Bass Paige S
(Last) (First) (Middle)
300 JOHNNY BENCH DRIVE
(Street)
OKLAHOMA CITY OK 73104
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SONIC CORP [ SONC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Senior Vice President
3. Date of Earliest Transaction (Month/Day/Year)
04/13/2016
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock               913 (1) I By 401(k)
Common Stock 04/13/2016   M   13,000 A $ 6.8 15,087 (2) D  
Common Stock 04/13/2016   S   13,000 D $ 35.0768 (3) 2,087 (2) D  
Common Stock 04/13/2016   S   4,800 D $ 35.36 (4) 17,476 I By self as trustee of trust
Common Stock 04/13/2016   M   14,979 A $ 6.8 32,455 I By self as trustee of trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-qualified stock option (right to buy) $ 6.8 04/13/2016   M     13,000 01/18/2015 01/18/2019 Common Stock 13,000 $ 0 4,932 D  
Incentive stock option (right to buy) $ 6.8 04/13/2016   M     14,979 01/18/2015 01/18/2019 Common Stock 14,979 $ 0 0 D  
Explanation of Responses:
1. Shares held in the Sonic Corp. 401(k) as of April 13, 2016.
2. Includes 2,087 shares held in the 1991 Sonic Corp. Stock Purchase Plan as of April 13, 2016.
3. This price represents the weighted average sales price. The shares sold at prices ranging from $34.88 to $35.51 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.
4. This price represents the weighted average sales price. The shares sold at prices ranging from $35.35 to $35.385 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.
Paige S. Bass 04/14/2016
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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