SEC Form 4 · accession 0001179110-17-014656
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Snee
Officer — Chairman, President and CEO · Director
Period of report
Nov 27, 2017
Accepted (ET)
Nov 28, 2017 · 12:18 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 Stock | Nov 27, 2017 | M | 12,000 | $10.035 | A | 16,864 | D | |
| Common Stock | Nov 27, 2017 | S | 7,616 | $34.155 | D | 9,248 | D | |
| Common Stock | holding | — | — | — | 35,453 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 13,840 | 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 | $10.035 | Nov 27, 2017 | M | 12,000 | D | — | Dec 4, 2017 | Common Stock | 12,000 | 0 | D |
Explanation of responses
- F1The option vested in four equal annual installments, with the first group vesting on December 4, 2008.