FORM 5 OMB APPROVAL [ ] Check box if no longer subject to OMB Number: 3235-0362 Section 16. Form 4 or Form 5 obli- Expires: September 30, 1998 gations may continue. See Instruc- Estimated average burden tions 1(b). hours per response.....1.0 [ ] Form 3 Holdings Reported [ ] Form 4 Transactions Reported Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 1. Name and Address of Reporting Person* Brooks, William R. -------------------------------------- (Last) (First) (Middle) 5401 E. Independence Blvd. -------------------------------------- (Street) Charlotte, North Carolina 28212 -------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Sonic Automotive, Inc. -------------------------------------- 3. IRS or Social Security Number of Reporting Person (Voluntary) --------------------------------------- 4. Statement for Month/Year 12/98 --------------------------------------- 5. If Amendment, Date of Original (Month/Year) --------------------------------------- 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------- 7. Individual or Joint/Group Reporting (check applicable line) [XX] Form Filed by One Reporting Person [ ] Form Filed by More than One Reporting Person Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of 2. Transaction 3. Transaction 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of Security Date (Month/ Code or Disposed of (D) Securities Form: Dir- Indirect (Instr. 3) Day/Year) (Instr. 8) (Instr. 3, 4 and 5) Beneficially ect (D) or Benefic- -------------------------- Owned at end of Indirect (I) ial Own- Issuer's Fiscal (Instr. 4) ership Year (Instr.4) Amount (A) or (D) Price (Instr. 3 and 4) - ------------------------------------------------------------------------------------------------------------------------------------ None - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
If the form is filed by more than one reporting person, see instruction 4(b)(v). (Over) SEC 2270 (9-96) Form 5 (continued) Table 11 -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date Exercisable 7. Title and Amount Derivative or Exercise Date (Month/ Code Derivative and Expiration of Underlying Security Price of Day/Year) (Instr. 8) Securities Date (Month/ Securities (Instr. 3) Derivative Acquired (A) Day/Year) (Instr. 3 and 4) Security or Disposed ---------------- ---------------- of (D) (Instr. 3, 4, and 5) Date Expira- Amount or ---------------- Exer- tion Number of (A) (D) cisable Date Title Shares - ------------------------------------------------------------------------------------------------------------------------------------ Options to purchase $14.50* 3/31/98 A 10,000* 12/3/98 3/31/08 Class A 10,000* Common Stock - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ 8. Price of 9. Number of 10. Ownership of 11. Nature of Derivative Derivative Derivative Indirect Security Securities Security: Beneficial (Instr. 5) Beneficially Direct (D) or Ownership Owned at End Indirect (I) (Instr. 4) of Year (Instr. 4) (Instr. 4) - ---------------------------------------------------------------------------- $14.50* 10,000* D - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - ---------------------------------------------------------------------------- - ----------------------------------------------------------------------------
Explanation of Responses: * On March 31, 1998, Mr. Brooks received options to purchase 10,000 shares of Class A Common Stock at an exercise price of $14.50 per share pursuant to the Company's Formula Stock Option Plan for Independent Directors (the "Plan"). On January 25, 1999, the Company effected a 2-for-1 split of its Class A Common Stock. Pursuant to the terms of the Plan and effective simultaneously with the stock split, the number and exercise price of Mr. Brooks' options were adjusted as a result of the stock split to options to purchase 20,000 shares at an exercise price of $7.25 per share. /s/ William R. Brooks 3/18/99 --------------------- ------- **Signature of Reporting Person Date ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C 1001 and 15 U.S.C. 781(a). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Page 2 SEC 2270 (9-96)