SEC Form 4 · accession 0001179110-18-011007
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
Aug 28, 2018
Accepted (ET)
Aug 30, 2018 · 9:32 am 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 | Aug 28, 2018 | M | 40,000 | $6.315 | A | 49,326 | D | |
| Common StockF1 | Aug 28, 2018 | S | 21,923 | $37.8502 | D | 27,403 | D | |
| Common Stock | holding | — | — | — | 35,986 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 14,142 | 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)F2 | $6.315 | Aug 28, 2018 | M | 40,000 | D | — | Dec 2, 2018 | Common Stock | 40,000 | 0 | D |
Explanation of responses
- F1Reflects the weighted average price of 21,923 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on August 28, 2018 with sale prices ranging from $37.841 to $37.865 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.