SEC Form 4 · accession 0001179110-16-019911

· HRL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — VP and Treasurer

Period of report

Feb 19, 2016

Accepted (ET)

Feb 23, 2016 · 6:00 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^F1	Feb 19, 2016	M	40,000	$10.035	A	60,972	D
Common Stock	Feb 19, 2016	F	9,358	$42.89	D	51,614	D
Common Stock	Feb 19, 2016	F	11,488	$42.89	D	40,126	D
Common Stock^F2	Feb 23, 2016	S	19,154	$43.505	D	20,972	D
Common Stock^F1	holding	—	—		—	8,262	I	401(K) Plan
Common Stock^F1	holding	—	—		—	21,095	I	JEPST Plan
Common Stock^F1,F3	holding	—	—		—	1,338	I	Custodial accounts for grandchildren

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (Right to Buy)^F1,F4	$10.035	Feb 19, 2016	M	40,000	D	—	Dec 4, 2017	Common Stock	40,000	0	D

F1Reflects the two-for-one stock split effective January 27, 2016.
F2Reflects the weighted average price of 19,154 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on February 23, 2016 with sale prices ranging from $43.46 to $43.58 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.
F3These shares are held in trust for the benefit of the reporting person's grandchildren. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F4The option vested in four equal annual installments, with the first group vesting on December 4, 2008.