SEC Form 4 · accession 0001179110-17-011909
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James N Sheehan
Officer — Senior V.P. & CFO
Period of report
Aug 30, 2017
Accepted (ET)
Aug 31, 2017 · 2:52 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 | Dec 29, 2016 | G | 800 | $0.00 | D | 56,386 | I | Rev Trust |
| Common Stock | May 2, 2017 | G | 206 | $0.00 | D | 56,180 | I | Rev Trust |
| Common Stock | Aug 30, 2017 | M | 60,000 | $10.035 | A | 60,000 | D | |
| Common StockF1 | Aug 30, 2017 | S | 35,704 | $30.8691 | D | 24,296 | D | |
| Common Stock | holding | — | — | — | 15,206 | I | JEPST Plan | |
| Common Stock | holding | — | — | — | 56,786 | I | Spouse's Rev 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)F2 | $10.035 | Aug 30, 2017 | M | 60,000 | D | — | Dec 4, 2017 | Common Stock | 60,000 | 0 | D |
Explanation of responses
- F1Reflects the weighted average price of 35,704 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on August 30, 2017 with sale prices ranging from $30.86 to $30.88 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.