SEC Form 4 · accession 0001179110-15-010565
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Christopher J. Policinski
Director
Period of report
Jun 30, 2015
Accepted (ET)
Jul 1, 2015 · 1:03 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 StockF1,F2 | Jun 30, 2015 | A | 28 | $56.37 | A | 17,803 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Each share of phantom stock is the equivalent of one share of common stock. The shares of phantom stock become payable in common stock in one lump sum, or in up to ten annual installments, at the election of the reporting person, on February 15 of the year following termination of service as a director, or such later date as is elected by the reporting person. In addition, the shares of phantom stock become payable in common stock in one lump sum immediately upon a director's separation from service within six months following a change of control (as defined in the Plan).
- F2Reflects additional phantom stock units received by the Reporting Person upon conversion of dividend equivalents from March 31, 2015 to the present.