SEC Form 4 · accession 0001179110-17-005919
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
Apr 10, 2017
Accepted (ET)
Apr 11, 2017 · 11:54 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 Stock | Apr 10, 2017 | M | 48,000 | $10.035 | A | 169,953 | D | |
| Common Stock | Apr 10, 2017 | F | 12,215 | $34.25 | D | 157,738 | D | |
| Common StockF1 | Apr 10, 2017 | S | 35,785 | $34.371 | D | 121,953 | 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)F2 | $10.035 | Apr 10, 2017 | M | 48,000 | D | — | Dec 4, 2017 | Common Stock | 48,000 | 0 | D |
Explanation of responses
- F1Reflects the weighted average price of 35,785 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on April 10, 2017 with sale prices ranging from $34.33 to $34.40 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 4, 2008.