SEC Form 4 · accession 0001179110-16-019870
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jody H Feragen
Officer — Executive VP & CFO · Director
Period of report
Dec 15, 2015
Accepted (ET)
Feb 23, 2016 · 4:45 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 15, 2015 | G | 270 | $0.00 | D | 105,101 | D | |
| Common Stock | Dec 16, 2015 | G | 80 | $0.00 | D | 105,021 | D | |
| Common StockF1 | Feb 19, 2016 | M | 200,000 | $9.5625 | A | 410,042 | D | |
| Common Stock | Feb 19, 2016 | F | 44,590 | $42.89 | D | 365,452 | D | |
| Common Stock | Feb 19, 2016 | F | 71,636 | $42.89 | D | 293,816 | D | |
| Common StockF2 | Feb 22, 2016 | S | 80,000 | $42.908 | D | 213,816 | D | |
| Common StockF1 | holding | — | — | — | 33,900 | I | Irrev Trust for Daughter | |
| Common StockF1 | holding | — | — | — | 33,900 | I | Irrev Trust for Daughter | |
| Common StockF1 | holding | — | — | — | 25,354 | I | 401(K) Plan | |
| Common StockF1 | holding | — | — | — | 11,338 | I | JEPST Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock (Right to Buy)F1,F3 | $9.5625 | Feb 19, 2016 | M | 200,000 | D | — | Dec 1, 2019 | Common Stock | 200,000 | 100,000 | D |
| Stock Options (Right to Buy)F1 | $9.3525 | Feb 19, 2016 | M | 400 | D | Dec 16, 2010 | Jan 8, 2017 | Common Stock | 400 | 0 | D |
Explanation of responses
- F1Reflects the two-for-one stock split effective January 27, 2016.
- F2Reflects the weighted average price of 80,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on February 22, 2016 with sale prices ranging from $42.81 to $43.10 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.
- F3The option vested in four equal annual installments, with the first group vesting on December 1, 2010.
- F4Exercise of Universal Stock Options. The shares were sold in a block and the net after tax was issued to the Reporting Person in cash.