SEC Form 4 · accession 0001179110-15-008900
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
May 29, 2015
Accepted (ET)
Jun 2, 2015 · 4:18 pm EDT
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 | May 29, 2015 | M | 30,000 | $19.355 | A | 35,704 | D | |
| Common Stock | May 29, 2015 | F | 9,976 | $58.20 | D | 25,728 | D | |
| Common Stock | May 29, 2015 | F | 9,652 | $58.20 | D | 16,076 | D | |
| Common Stock | May 29, 2015 | G | 10,372 | $0.00 | D | 5,704 | D | |
| Common Stock | May 29, 2015 | G | 10,372 | $0.00 | A | 70,614 | I | Spouse's Revocable Trust |
| Common StockF2 | Jun 2, 2015 | S | 10,000 | $56.5352 | D | 60,614 | I | Spouse's Revocable Trust |
| Common Stock | holding | — | — | — | 95,000 | I | GRAT |
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 | May 29, 2015 | M | 30,000 | D | — | Dec 5, 2016 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1The option vested in four equal annual installments, with the first group vesting on December 5, 2007.
- F2Reflects the weighted average price of 10,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on June 2, 2015 with sale prices ranging from $56.35 to $56.74 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.