FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Budd John H III 		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)
Executive Vice President
(Last)          (First)          (Middle)

300 JOHNNY BENCH DRIVE 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/7/2018
(Street)

OKLAHOMA CITY, OK 73104
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/1/2018     M    25000   A $18.32   32065   D    
Common Stock   10/1/2018     M    23333   A $20.58   55398   D    
Common Stock   10/1/2018     M    18371   A $31.29   73769   D    
Common Stock   10/1/2018     M    13696   A $29.37   87465   D    
Common Stock   10/1/2018     M    8776   A $25.40   96241   D    
Common Stock   10/1/2018     S    89176   D $43.2389   (1) 7065   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 of Derivative Security: 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
Incentive Stock Option (right to buy)   $18.32   10/1/2018     M         16374    10/16/2016   10/16/2020   Common Stock   16374   $0   0   D    
Non-qualified Stock Option (right to buy)   $18.32   10/1/2018     M         8626    10/16/2016   10/16/2020   Common Stock   8626   $0   0   D    
Incentive Stock Option (right to buy)   $20.58   10/1/2018     M         4859    1/16/2017   1/16/2021   Common Stock   4859   $0   0   D    
Non-qualified Stock Option (right to buy)   $20.58   10/1/2018     M         18474    1/16/2017   1/16/2021   Common Stock   18474   $0   0   D    
Incentive Stock Option (right to buy)   $31.29   10/1/2018     M         3195    1/29/2018   1/29/2022   Common Stock   3195   $0   0   D    
Non-qualified Stock Option (right to buy)   $31.29   10/1/2018     M         15176    1/29/2018   1/29/2022   Common Stock   15176   $0   0   D    
Non-qualified Stock Option (right to buy)   $29.37   10/1/2018     M         13696    1/28/2018   1/28/2023   Copmon Stock   13696   $0   3444   D    
Incentive Stock Option (right to buy)   $25.4   10/1/2018     M         1    1/19/2018   1/19/2024   Common Stock   1   $0   3937   D    
Non-qualified Stock Option (right to buy)   $25.4   10/1/2018     M         8775    1/19/2018   1/19/2024   Common Stock   8775   $0   13615   D    

Explanation of Responses:
(1)  This price represents the weighted average sales price. The shares sold at prices ranging from $43.20 to $43.37 per share. The reporting person will provide full details regarding the number of shares sold at each separate price upon the SEC's request.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Budd John H III
300 JOHNNY BENCH DRIVE
OKLAHOMA CITY, OK 73104

Executive Vice President

Signatures
Carolyn C. Cummins for John H. Budd III 10/2/2018
** 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 control number.
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