SEC Form 4 · accession 0001179110-16-027059
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
Jun 28, 2016
Accepted (ET)
Jun 29, 2016 · 3:35 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 StockF1 | Jun 28, 2016 | M | 400 | $9.3525 | A | 11,935 | D | |
| Common Stock | Jun 28, 2016 | S | 400 | $34.98 | D | 11,535 | D | |
| Common StockF1 | holding | — | — | — | 336,497 | I | Spouse's Revocable Trust |
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 | $9.3525 | Jun 28, 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.
- F2Exercise of Universal Stock Options. The shares were sold in a block and the net after tax was issued to the Reporting Person in cash.