SEC Form 4 · accession 0001179110-17-014657
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Steven G Binder
Officer — Executive Vice President
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 | 50,000 | $6.315 | A | 61,898 | D | |
| Common Stock | Nov 27, 2017 | S | 25,000 | $34.25 | D | 36,898 | D | |
| Common StockF1 | Nov 27, 2017 | S | 25,000 | $34.10 | D | 11,898 | D | |
| Common Stock | holding | — | — | — | 336,924 | 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 | $6.315 | Nov 27, 2017 | M | 50,000 | D | — | Dec 2, 2018 | Common Stock | 50,000 | 0 | D |
Explanation of responses
- F1Reflects the weighted average price of 25,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on November 27, 2017 with sale prices ranging from $34.07 to $34.125 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 2, 2009.