SEC Form 4 · accession 0001179110-17-013297
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John L Morrison
Director
Period of report
Oct 13, 2017
Accepted (ET)
Oct 16, 2017 · 5:10 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 13, 2017 | M | 16,000 | $9.7425 | A | 136,035 | D | |
| Common Stock | Oct 13, 2017 | M | 16,000 | $7.5975 | A | 152,035 | D | |
| Common Stock | Oct 13, 2017 | M | 16,000 | $9.78 | A | 168,035 | D | |
| Common Stock | Oct 13, 2017 | M | 13,200 | $12.42 | A | 181,235 | D | |
| Common Stock | Oct 13, 2017 | M | 13,200 | $14.485 | A | 194,435 | D | |
| Common StockF6 | Oct 13, 2017 | S | 24,814 | $31.8145 | D | 169,621 | D | |
| Common Stock | holding | — | — | — | 56,600 | I | GRAT | |
| Common Stock | holding | — | — | — | 60,480 | 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)F1 | $9.7425 | Oct 13, 2017 | M | 16,000 | D | — | Feb 1, 2018 | Common Stock | 16,000 | 0 | D |
| Stock Options (Right to Buy)F2 | $7.5975 | Oct 13, 2017 | M | 16,000 | D | — | Feb 2, 2019 | Common Stock | 16,000 | 0 | D |
| Stock Options (Right to Buy)F3 | $9.78 | Oct 13, 2017 | M | 16,000 | D | — | Feb 1, 2020 | Common Stock | 16,000 | 0 | D |
| Stock Options (Right to Buy)F4 | $12.42 | Oct 13, 2017 | M | 13,200 | D | — | Feb 1, 2021 | Common Stock | 13,200 | 0 | D |
| Stock Options (Right to Buy)F5 | $14.485 | Oct 13, 2017 | M | 13,200 | D | — | Feb 1, 2022 | Common Stock | 13,200 | 0 | D |
Explanation of responses
- F1The option vested in four equal annual installments, with the first group vesting on February 1, 2009.
- F2The option vested in four equal annual installments, with the first group vesting on February 2, 2010.
- F3The option vested in four equal annual installments, with the first group vesting on February 1, 2011.
- F4The option vested in four equal annual installments, with the first group vesting on February 1, 2012.
- F5The option vested in four equal annual installments, with the first group vesting on February 1, 2013.
- F6Reflects the weighted average price of 24,814 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on October 13, 2017, with sale prices ranging from $31.80 to $31.83 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.