SEC Form 4 · accession 0001179110-16-032364
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Splinter
Officer — Group Vice President
Period of report
Dec 5, 2016
Accepted (ET)
Dec 5, 2016 · 3:19 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 StockF1 | Dec 5, 2016 | M | 48,000 | $9.6775 | A | 165,298 | D | |
| Common Stock | Dec 5, 2016 | F | 13,738 | $33.81 | D | 151,560 | D | |
| Common StockF2 | Dec 5, 2016 | S | 34,262 | $33.94 | D | 117,298 | D | |
| Common Stock | holding | — | — | — | 2,440 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 2,169 | 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)F1,F3 | $9.6775 | Dec 5, 2016 | M | 48,000 | D | — | Dec 5, 2016 | Common Stock | 48,000 | 0 | D |
Explanation of responses
- F1Reflects the two-for-one stock split effective January 27, 2016.
- F2Reflects the weighted average price of 34,262 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on December 5, 2016 with sale prices ranging from $33.9380 to $33.95 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.
- F3The option vested in four equal annual installments, with the first group vesting on December 5, 2007.