X0306 4 2018-10-12 1 0000868611 SONIC CORP SONC 0001080935 SCHUTZ JEFFREY H 300 JOHNNY BENCH DRIVE OKLAHOMA CITY OK 73104 1 0 0 0 Common Stock 2018-10-12 5 G 0 425 0 D 44452 D Common Stock 2018-10-15 5 G 0 925 0 D 43527 D Common Stock 2018-10-22 5 G 0 233 0 D 43294 D Common Stock 2018-10-31 5 G 0 175 0 D 43119 D Common Stock 2018-12-07 4 D 0 7600 43.5 D 0 I By family limited liability company Common Stock 2018-12-07 4 D 0 43119 43.5 D 0 D Restricted Stock Units 0 2018-12-07 4 D 0 2032 43.5 D Common Stock 2032 0 D Nonqualified Stock Option (right to buy) 31.29 2018-12-07 4 D 0 4780 43.5 D 2022-01-29 common stock 4780 0 I By family limited liability company Nonqualified Stock Option (right to buy) 29.37 2018-12-07 4 D 0 5136 43.5 D 2023-01-28 common stock 5136 0 I By family limited liability company Nonqualified Stock Option (right to buy) 25.4 2018-12-07 4 D 0 6675 43.5 D 2024-01-19 common stock 6675 0 I By family limited liability company Nonqualified Stock Option (right to buy) 25.84 2018-12-07 4 D 0 8237 43.5 D 2025-01-31 common stock 8237 0 I By family limited liability company Disposed of as a result of the merger pursuant to the previously announced Agreement and Plan of Merger, dated September 24, 2018, by and among the issuer, Inspire Brands, Inc. and SSK Merger Sub, Inc. (the "Merger Agreement"). At the effective time of the merger as contemplated in the merger agreement, (i) each outstanding share of Company Common Stock, was cancelled and automatically converted into the right to receive $43.50 in cash and (ii) each Company Restricted Stock Unit and each Company Stock Option Award, vested and accelerated in full and was converted into the right to receive $43.50 in cash (or in the case of Company Stock Option Awards, the difference between the exercise price and $43.50). The reporting person owns 50% 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. Carolyn C. Cummins for Jeffrey H. Schutz 2018-12-07