SEC Form 4 · accession 0001179110-16-030676
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
Oct 11, 2016
Accepted (ET)
Oct 13, 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 | Oct 11, 2016 | M | 30,000 | $10.035 | A | 41,622 | D | |
| Common Stock | Oct 11, 2016 | F | 7,962 | $37.81 | D | 33,660 | D | |
| Common Stock | Oct 11, 2016 | F | 9,611 | $37.81 | D | 24,049 | D | |
| Common Stock | Oct 11, 2016 | G | 12,427 | $0.00 | D | 11,622 | D | |
| Common Stock | Oct 11, 2016 | G | 12,427 | $0.00 | A | 348,924 | I | Spouse's Revocable Trust |
| Common Stock | Oct 13, 2016 | S | 12,000 | $37.9786 | D | 336,924 | 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 | $10.035 | Oct 11, 2016 | M | 30,000 | D | — | Dec 4, 2017 | Common Stock | 30,000 | 0 | D |
Explanation of responses
- F1The option vested in four equal annual installments, with the first group vesting on December 4, 2008.