SEC Form 4 · accession 0001209191-16-113877
CONAGRA BRANDS INC. · CAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas M McGough
Officer — President, Consumer Foods
Period of report
Apr 7, 2016
Accepted (ET)
Apr 11, 2016 · 4:50 pm EDT
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 | Apr 7, 2016 | M | 60,000 | $26.15 | A | 116,341 | D | |
| Common StockF2 | Apr 7, 2016 | S | 60,000 | $46.00 | D | 56,341 | D | |
| Common Stock | holding | — | — | — | 400 | I | By wife |
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)F3 | $26.15 | Apr 7, 2016 | M | 60,000 | D | — | Jul 10, 2018 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1This exercise of stock options reported in this Form 4 relates to the Reporting Person's acquisition and sale of shares, as part of the process of exercising stock options that were scheduled to expire in July 2018. The exercise and sale were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on January 8, 2016.
- F2All of the shares being sold were acquired by the Reporting Person within the past two business days upon the exercise of stock options.
- F3These stock options, originally covering 60,000 shares, became exercisable as to 40% on July 11, 2012, 30% on July 11, 2013, and 30% on July 11, 2014.