SEC Form 4 · accession 0001179110-16-029189
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald H Kremin
Officer — Group Vice President
Period of report
Aug 30, 2016
Accepted (ET)
Sep 1, 2016 · 3:26 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 Stock | Aug 30, 2016 | M | 40,000 | $9.5625 | A | 72,738 | D | |
| Common Stock | Aug 30, 2016 | M | 40,000 | $12.48 | A | 112,738 | D | |
| Common StockF1 | Aug 30, 2016 | S | 80,400 | $37.8628 | D | 32,338 | D | |
| Common Stock | Aug 31, 2016 | M | 400 | $9.3525 | A | 32,738 | D | |
| Common Stock | holding | — | — | — | 6,003 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 4,425 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right to Buy)F2 | $9.5625 | Aug 30, 2016 | M | 40,000 | D | — | Dec 1, 2019 | Common Stock | 40,000 | 0 | D |
| Stock Options (Right to Buy)F3 | $12.48 | Aug 30, 2016 | M | 40,000 | D | — | Dec 7, 2020 | Common Stock | 40,000 | 0 | D |
| Stock Options (Right to Buy) | $9.3525 | Aug 31, 2016 | M | 400 | D | Dec 16, 2010 | Jan 8, 2017 | Common Stock | 400 | 0 | D |
Explanation of responses
- F1Reflects the weighted average price of 80,400 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on August 30, 2016 with sale prices ranging from $37.7601 to $37.91 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.
- F2The option vested in four equal annual installments, with the first group vesting on December 1, 2010.
- F3The option vested in four equal annual installments, with the first group vesting on December 7, 2011.