SEC Form 4 · accession 0001209191-18-040913
CONAGRA BRANDS INC. · CAG
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven F Goldstone
Director
Period of report
Jun 29, 2018
Accepted (ET)
Jul 3, 2018 · 4:00 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 | Jun 29, 2018 | M | 176,786 | $14.63 | A | 434,714 | D | |
| Common StockF2,F3 | Jun 29, 2018 | S | 72,678 | $35.5891 | D | 362,036 | D |
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)F4 | $14.63 | Jun 29, 2018 | M | 176,786 | D | Mar 25, 2009 | Sep 24, 2018 | Common Stock | 176,786 | 0 | D |
Explanation of responses
- F1Includes 768.86 shares acquired through a dividend equivalent reinvestment feature under the Issuer's Directors' Deferred Compensation Plan and 65 shares acquired through dividend equivalent rights under the Issuer's 2014 Stock Plan, in each case since the date of the Reporting Person's last report.
- F2All of the shares being sold were acquired by the Reporting Person within the past two business days upon exercise of stock options that were due to expire on September 24, 2018.
- F3Price reflects the weighted average sale price for multiple transactions that ranged from $35.42 to $35.72 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.
- F4Reflects an antidilution adjustment to the number of options (originally granted on September 25, 2008 and expiring September 24, 2018, for 131,578 shares at an exercise price of $19.65 per share) held by the Reporting Person and the exercise price thereof, which antidilution adjustment was made prior to the exercise date in connection with the spinoff of Lamb Weston Holdings, Inc. from the Issuer on November 9, 2016 (the "Spinoff"). The total number of options held by the Reporting Person immediately prior to the Spinoff was 131,578.