SEC Form 4 · accession 0001179110-18-007766
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
May 31, 2018
Accepted (ET)
Jun 1, 2018 · 3:32 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 | May 31, 2018 | M | 20,000 | $9.5625 | A | 31,964 | D | |
| Common Stock | May 31, 2018 | S | 20,000 | $37.13 | D | 11,964 | 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)F1 | $9.5625 | May 31, 2018 | M | 20,000 | D | — | Dec 1, 2019 | Common Stock | 20,000 | 180,000 | D |
Explanation of responses
- F1The option vests in four equal annual installments, with the first group vesting on December 1, 2010.