SEC Form 4 · accession 0001209191-16-090523
CONAGRA BRANDS INC. · CAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Gehring
Officer — EVP and CFO
Period of report
Jan 6, 2016
Accepted (ET)
Jan 8, 2016 · 4:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000023217
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 6, 2016 | M | 160,000 | $26.15 | A | 219,709 | D | |
| Common Stock | Jan 6, 2016 | M | 160,000 | $24.74 | A | 379,709 | D | |
| Common StockF1,F2 | Jan 6, 2016 | S | 320,000 | $41.6729 | D | 59,709 | D | |
| Common Stock | holding | — | — | — | 132,063 | I | By Spouse | |
| Common StockF3 | holding | — | — | — | 723 | I | By 401(k) Plan Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F4 | $26.15 | Jan 6, 2016 | M | 160,000 | D | — | Jul 10, 2018 | Common Stock | 160,000 | 0 | D |
| Employee Stock Options (right to buy)F5 | $24.74 | Jan 6, 2016 | M | 160,000 | D | — | Jul 15, 2022 | Common Stock | 160,000 | 0 | D |
Explanation of responses
- F1All of the shares being sold were acquired by the Reporting Person within the past two business days upon the exercise of stock options.
- F2Price reflects the weighted average sale price for multiple transactions that ranged from $41.25 to $41.90 per share. The reporting person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
- F3Reflects holdings under the ConAgra Foods, Inc. 401(k) plan. The information in this report is based on a plan statement date of January 4, 2016.
- F4These stock options, originally covering 160,000 shares, became exercisable as to 40% on July 11, 2012, 30% on July 11, 2013, and 30% on July 11, 2014.
- F5These stock options, originally covering 160,000 shares, became exercisable as to 40% on July 16, 2013, 30% on July 16, 2014, and 30% on July 16, 2015.