SEC Form 4 · accession 0001209191-17-023875
CONAGRA BRANDS INC. · CAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ruth Ann Marshall
Director
Period of report
Mar 29, 2017
Accepted (ET)
Mar 31, 2017 · 4:44 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 StockF1,F2 | Mar 29, 2017 | M | 6,046 | $19.22 | A | 83,769 | D | |
| Common StockF3 | Mar 29, 2017 | S | 6,046 | $40.61 | D | 77,723 | D | |
| Common Stock | holding | — | — | — | 750 | I | Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Options (right to buy)F1 | $19.22 | Mar 29, 2017 | M | 6,046 | D | Mar 27, 2008 | Sep 26, 2017 | Common Stock | 6,046 | 6,046 | D |
Explanation of responses
- F1Reflects an antidilution adjustment to (i) the number of options the Reporting Person received pursuant to the grant and (ii) the exercise price of such options, which antidilution adjustment was made in connection with the spinoff of Lamb Weston Holdings, Inc. from the Issuer on November 9, 2016 (the "Spinoff"). The original grant was made on September 27, 2007 and consisted of 9,000 options (all of which were vested and outstanding as of the Spinoff) at an exercise price of $25.82.
- F2Includes 11.089 shares acquired since the date of the Reporting Person's last report through a dividend equivalent reinvestment feature under the Directors' Deferred Compensation Plan.
- F3All of the shares being sold were acquired by the Reporting Person within the past two business days upon the exercise of stock options.