SEC Form 4 · accession 0001179110-16-029135
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry L Vorpahl
Officer — Group Vice President
Period of report
Aug 29, 2016
Accepted (ET)
Aug 31, 2016 · 11:16 am 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 | Aug 29, 2016 | M | 400 | $9.3525 | A | 107,192 | D | |
| Common Stock | Aug 30, 2016 | S | 400 | $37.88 | D | 106,792 | D |
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,F2 | $9.3525 | Aug 29, 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