SEC Form 4 · accession 0001179110-15-000503
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jody H Feragen
Officer — Executive VP & CFO · Director
Period of report
Jan 5, 2015
Accepted (ET)
Jan 6, 2015 · 4:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000048465
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 5, 2015 | M | 70,000 | $20.07 | A | 178,004 | D | |
| Common Stock | Jan 5, 2015 | F | 27,216 | $51.62 | D | 150,788 | D | |
| Common Stock | Jan 5, 2015 | F | 17,901 | $51.62 | D | 132,887 | D | |
| Common StockF2 | holding | — | — | — | 16,550 | I | Irrev Trust for Daughter | |
| Common StockF2 | holding | — | — | — | 16,550 | I | Irrev Trust for Daughter | |
| Common Stock | holding | — | — | — | 12,489 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 5,553 | I | JEPST Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F1 | $20.07 | Jan 5, 2015 | M | 70,000 | D | — | Dec 4, 2017 | Common Stock | 70,000 | 60,000 | D |
Explanation of responses
- F1The option vested in four equal annual installments, with the first group vesting on December 4, 2008.
- F2These shares are held in trust for the benefit of the reporting person's child. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.