Filing Details

Accession Number:
0001181431-11-010982
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-02-16 21:16:52
Reporting Period:
2011-02-14
Filing Date:
2011-02-16
Accepted Time:
2011-02-16 21:16:52
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
916235 Sonic Solutions SNIC Services-Computer Integrated Systems Design (7373) 930925818
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1326409 C David Habiger C/O Sonic Solutions, 7250 Redwood Blvd.
Suite 300
Novato CA 94945
President And Ceo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2011-02-14 9,000 $14.99 0 No 4 U Direct
Common Stock Acquisiton 2011-02-14 81,770 $1.23 81,770 No 4 M Indirect By Trust
Common Stock Disposition 2011-02-14 81,770 $14.97 0 No 4 S Indirect By Trust
Common Stock Acquisiton 2011-02-14 50,000 $0.00 50,000 No 4 M Indirect By Trust
Common Stock Disposition 2011-02-14 20,721 $14.93 29,279 No 4 F Indirect By Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 U Direct
No 4 M Indirect By Trust
No 4 S Indirect By Trust
No 4 M Indirect By Trust
No 4 F Indirect By Trust
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (Right to Buy) Disposition 2011-02-14 81,770 $0.00 81,770 $1.23
Common Stock Restricted Stock Unit Disposition 2011-02-14 50,000 $0.00 50,000 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
61,980 2018-12-15 No 4 M Indirect
0 2020-10-07 No 4 M Indirect
Footnotes
  1. Shares owned by Sharon M. Habiger Trust dated November 17, 2000, a revocable trust established by David C. Habiger and Sharon M. Habiger, husband and wife. Mr.and Mrs. Habiger are joint tenants and each has power to vote and dispose of any and all securities held by the trust.
  2. These shares being sold pursuant to Habiger Trust 10b5-1 plan.
  3. Average price of multiple open market transactions during the day. Purchase prices for individual transactions ranged from $14.91 to $15.00.
  4. The underlying stock option vested immediately upon change of control vesting per standard company policy for executive officers and directors.
  5. This Form 4 is being filed to report the accelerated vesting of Restricted Stock Units ("RSUs") in conjunction with change of control terms between Sonic Solutions (the "Company") and reporting person. Each RSU represents a contingent right to receive one share of Company common stock. The RSU was originally granted on October 7, 2010. Vested shares will be delivered to the reporting person.
  6. Represents shares withheld to satisfy income tax obligations associated with the release of common stock to the reporting person upon the vesting of RSUs.
  7. Price represents February 14, 2011 value of aggregate tender offer consideration of 45% Rovi Corporation common stock and 55% cash. Final calculation of actual consideration has not yet been performed, and payment has not yet been received.