SEC Form 4 · accession 0001179110-18-011072
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas R Day
Officer — Group Vice President
Period of report
Aug 16, 2018
Accepted (ET)
Sep 4, 2018 · 4:24 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 | Aug 16, 2018 | G | 71,492 | $0.00 | D | 4,964 | D | |
| Common Stock | Aug 16, 2018 | G | 71,492 | $0.00 | A | 71,492 | I | Trust |
| Common Stock | Aug 29, 2018 | G | 35,746 | $0.00 | D | 35,746 | I | Trust |
| Common Stock | Aug 30, 2018 | M | 20,000 | $9.5625 | A | 24,964 | D | |
| Common StockF1 | Aug 30, 2018 | S | 11,856 | $38.5231 | D | 13,108 | D | |
| Common Stock | Aug 31, 2018 | G | 35,746 | $0.00 | D | 0 | I | Trust |
| Common Stock | holding | — | — | — | 68,589 | I | Revocable Living Trust | |
| Common Stock | holding | — | — | — | 1,214 | I | Spouse's Irrev Trust | |
| Common Stock | holding | — | — | — | 19,779 | I | 401(K) Plan | |
| Common Stock | holding | — | — | — | 17,872 | 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 | $9.5625 | Aug 30, 2018 | M | 20,000 | D | — | Dec 1, 2019 | Common Stock | 20,000 | 0 | D |
Explanation of responses
- F1Reflects the weighted average price of 11,856 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on 08/30/2018 with sale prices ranging from $38.52 to $38.535 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 12/01/2010.