SEC Form 4 · accession 0001179110-15-003492
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven G Binder
Officer — Executive Vice President
Period of report
Feb 24, 2015
Accepted (ET)
Feb 26, 2015 · 4:42 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 | Dec 5, 2014 | G | 95,000 | $0.00 | D | 57,429 | I | Spouse's Revocable Trust |
| Common Stock | Dec 5, 2014 | G | 95,000 | $0.00 | A | 95,000 | I | GRAT |
| Common Stock | Feb 24, 2015 | M | 30,000 | $19.355 | A | 35,654 | D | |
| Common Stock | Feb 24, 2015 | F | 10,045 | $57.80 | D | 25,609 | D | |
| Common Stock | Feb 24, 2015 | F | 7,142 | $57.80 | D | 18,467 | D | |
| Common Stock | Feb 24, 2015 | G | 12,813 | $0.00 | D | 5,654 | D | |
| Common Stock | Feb 24, 2015 | G | 12,813 | $0.00 | A | 70,242 | I | Spouse's Revocable Trust |
| Common Stock | Feb 26, 2015 | S | 10,000 | $58.4467 | D | 60,242 | I | Spouse's Revocable Trust |
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 | $19.355 | Feb 24, 2015 | M | 30,000 | D | — | Dec 5, 2016 | Common Stock | 30,000 | 60,000 | D |
Explanation of responses
- F1The option vested in four equal annual installments, with the first group vesting on December 5, 2007.