FORM 5 OMB APPROVAL [ ] Check box if no longer subject to OMB Number: 3236-0362 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 [X] Form 3 Holdings Reported [ ] Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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* BELK, WILLIAM I. -------------------------------------- (Last) (First) (Middle) 6100 Fairview Road, #640 -------------------------------------- (Street) Charlotte, North Carolina 28210 -------------------------------------- (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Sonic Automotive, Inc. ("SAH") -------------------------------------- 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) [X] 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 3* - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------ - ------------------------------------------------------------------------------------------------------------------------------------
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: * Mr. Belk became a director of Sonic Automotive, Inc. on March 20, 1998. /s/ William I. Belk 3/23/99 --------------------- ------- **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. 78ff(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)