SEC Form 4 · accession 0001179110-15-015730
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey M Ettinger
Officer — Chairman of the Board and CEO · Director
Period of report
Aug 26, 2015
Accepted (ET)
Dec 3, 2015 · 5:49 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 | Aug 26, 2015 | G | 3,736 | $0.00 | D | 0 | I | Trust |
| Common Stock | Aug 26, 2015 | G | 1,868 | $0.00 | A | 363,652 | D | |
| Common Stock | Dec 1, 2015 | M | 500,000 | $16.37 | A | 865,006 | D | |
| Common Stock | Dec 1, 2015 | F | 109,249 | $74.92 | D | 755,757 | D | |
| Common Stock | Dec 1, 2015 | F | 188,342 | $74.92 | D | 567,415 | D | |
| Common Stock | holding | — | — | — | 10,806 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 10,507 | I | JEPST Plan | |
| Common Stock | holding | — | — | — | 1,035 | I | Spouse |
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)F2 | $16.37 | Dec 1, 2015 | M | 500,000 | D | — | Dec 6, 2015 | Common Stock | 500,000 | 0 | D |
Explanation of responses
- F1Reflects a voluntary distribution of shares held in trust established by the Reporting Person's father for benefit of the Reporting Person and the Reporting Person's siblings in which the Reporting Person is a co-trustee.
- F2The option vested in four equal annual installments, with the first group vesting on December 6, 2006.