<TABLE>
<CAPTION>
<S> <C> <C>
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
[ ] CHECK THIS BOX IF NO LONGER WASHINGTON, D.C. 20549 OMB NUMBER: 3235-0287
SUBJECT TO SECTION 16. FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP EXPIRES: DECEMBER 31, 2001
OR FORM 5 OBLIGATIONS MAY ESTIMATED AVERAGE BURDEN
CONTINUE. SEE INSTRUCTION 1(B). HOURS PER RESPONSE.....0.5
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
(PRINT OR TYPE RESPONSES)
- ----------------------------------------------------------------------------------------------------------------------------------
1. Name and Address of Reporting Person* 2. Issuer Name AND Ticker or 6. Relationship of Reporting Person(s) to Issuer
Trading Symbol (Check all applicable)
___X__ Director ______10% Owner
__X___ Officer _______ Other
(give title below) (specify below)
Smith Bryan Scott Sonic Automotive, Inc. ("SAH") President & Chief Operating Officer
- ------------------------------------------------------------------------------------------------------------------------------------
(Last) (First) (Middle) 3. I.R.S. 4. Statement
Identification for
Number of Month/Year
Reporting
Person, if 8/99
an entity
(Voluntary)
c/o Sonic Automotive, Inc.
5401 East Independence Boulevard
- -----------------------------------------------------------------------------------------------------------------------------
(Street) 5. If 7. Individual or Joint/Group Filing (Check Applicable
Amendment, Line)
Date of ___ Form filed by One Reporting Person
Original ___ Form filed by More than One Reporting Person
Charlotte NC 28212 (Month/Year)
- ------------------------------------------------------------------------------------------------------------------------------
(City) (State) (Zip) TABLE I-- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
- ------------------------------------------------------------------------------------------------------------------------------
- --------------------- -------- ---------- ------------------------------ ----------- ---------- ----------
5. Amount of 6. Owner-
Securities ship
2. Trans- 3. Trans- 4. Securities Acquired (A) Beneficially Form:
action action or Disposed of (D) Owned at Direct 7. Nature of
Date Code (Instr. 3, 4 and 5) End of (D) or Indirect
1. Title of (Month/ (Instr. 8) ---------------------------- Month Indirect Beneficial
Security Day/ ---------- Amount (A) or Price (Instr. (I) Ownership
(Instr. 3) Year) Code V (D) 3 and 4) (Instr. 4) (Instr. 4)
- --------------------- -------- ---- ---- ----------- ------ --------- ----------- ---------- ----------
- ----------------------------------------------------------------------------------------------------------------------------------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
-------------------------- ------------------- ------ --------------- ---- --------- -------------- ------------- ----------
</TABLE>
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).
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 CONTROL NUMBER.
(Over)
SEC 1474 (3-99)
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (CONTINUED) TABLE II -- DERIVATIVE SECURITIES
ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE
SECURITIES)
- ------------------------------------------------------------------------------------------------------------------------------
---------- -------- -------- -------- ---------- ------------ -------------- ------ ---------- --------- --------
7.Title and 10.Ownership
5.Number of 6.Date Exer- Amount of Form of
Derivative cisable and Underlying 9.Number of Deriv-
Securities Expiration Securities 8.Price Derivative ative
2.Conver- 4.Trans- Acquired (A) Date (Month/ (Instr. 3 of Securities Security:
sion or 3.Trans- action or Disposed Day/Year) and 4) Deriv- Benefi- Direct
Exercise action Code of (D) -------------- -------------- ative cially (D) or 11.Nature of
1.Title of Price of Date (Instr. (Instr. 3, Date Amount Secur- Owned at Indirect Indirect
Derivative Deriv- (Month/ 8) 4, and 5) Exer- Expir- or Num- ity End of (I) Beneficial
Security ative Day/ -------- ---------- cis- ation ber of (Instr. Month (Instr. Ownership
(Instr. 3) Security Year) Code V (A) (D) able Date Title Shares 5) (Instr. 4) 4) (Instr. 4)
- ---------- -------- -------- ---- --- ---- ---- ------- ----- ----- ------ ------ ---------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
- ------------------------------------------------------------------------------------------------------------------------------
Put Options Class A
(obligation Common
to buy) $12.50 8/5/99 S 100(1) 8/5/99 11/20/99 Stock 10,000(1) $106.25 -0- D
- ------------------------------------------------------------------------------------------------------------------------------
Put Options Class A
(obligation Common
to buy) $12.50 8/5/99 S 100(2) 8/5/99 11/20/99 Stock 10,000(2) $106.25 -0- D
- ------------------------------------------------------------------------------------------------------------------------------
Put Options Class A
(obligation Common
to buy) $10.00 8/5/99 S 100(3) 8/13/99 11/20/99 Stock 10,000(3) $87.50 -0- D
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------
Explanation of Responses: Please see attached Annex A.
** Intentional misstatements or omissions of /s/ B. Scott Smith 9/8/99
facts constitute Federal Criminal Violations. -------------------------------- ------------
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). ** Signature of Reporting Person Date
Note: File three copies of this Form, one
of which must be manually signed.
If space 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
</TABLE>
<PAGE>
Annex A
to
Form 4
of
Bryan Scott Smith
1. On August 5, 1999, Mr. Smith wrote a put option on 10,000 shares of Sonic's
Class A Common Stock (represented by 100 standardized option contracts for
100 shares each), which entitle the holder of the put option to require Mr.
Smith, at the election of the holder, to purchase any or all of the shares
at a price of $12.50 per share at any time prior to November 20, 1999.
2. In a separate transaction that also occurred on August 5, 1999, Mr. Smith
wrote a put option on 10,000 shares of Sonic's Class A Common Stock
(represented by 100 standardized option contracts for 100 shares each),
which entitle the holder of the put option to require Mr. Smith, at the
election of the holder, to purchase any or all of the shares at a price of
$12.50 per share at any time prior to November 20, 1999.
3. On August 13, 1999, Mr. Smith wrote a put option on 10,000 shares of
Sonic's Class A Common Stock (represented by 100 standardized option
contracts for 100 shares each), which entitle the holder of the put option
to require Mr. Smith, at the election of the holder, to purchase any or all
of the shares at a price of $10.00 per share at any time prior to November
20, 1999.
