SEC Form 4 · accession 0001179110-17-012204
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
Sep 11, 2017
Accepted (ET)
Sep 12, 2017 · 5:36 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 StockF1 | Apr 13, 2017 | G | 33,821 | $0.00 | D | 887 | D | |
| Common Stock | Apr 13, 2017 | G | 33,821 | $0.00 | A | 33,821 | I | Spouse's Rev Trust |
| Common Stock | Sep 11, 2017 | M | 100,000 | $15.49 | A | 100,887 | D | |
| Common StockF2 | Sep 11, 2017 | S | 100,000 | $31.6632 | D | 887 | D | |
| Common Stock | holding | — | — | — | 6,106 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 4,493 | 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)F3 | $15.49 | Sep 11, 2017 | M | 100,000 | D | — | Dec 4, 2022 | Common Stock | 100,000 | 0 | D |
Explanation of responses
- F1Includes additional common stock received by the Reporting Person as dividends not previously reported.
- F2Reflects the weighted average price of 100,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on September 11, 2017 with sale prices ranging from $31.65 to $31.725 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 4, 2013.