SEC Form 4 · accession 0001179110-15-013812
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
Oct 1, 2015
Accepted (ET)
Oct 5, 2015 · 5:35 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 | Oct 1, 2015 | M | 30,000 | $20.07 | A | 35,727 | D | |
| Common Stock | Oct 1, 2015 | F | 9,510 | $63.31 | D | 26,217 | D | |
| Common Stock | Oct 1, 2015 | F | 9,877 | $63.31 | D | 16,340 | D | |
| Common Stock | Oct 1, 2015 | G | 10,613 | $0.00 | D | 5,727 | D | |
| Common Stock | Oct 1, 2015 | G | 10,613 | $0.00 | A | 71,867 | 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 | $20.07 | Oct 1, 2015 | M | 30,000 | D | — | Dec 4, 2017 | 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 4, 2008.