SEC Form 4 · accession 0001179110-18-013532

· HRL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Executive Vice President

Period of report

Dec 4, 2018

Accepted (ET)

Dec 6, 2018 · 4:56 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	Dec 4, 2018	M	80,000	$12.48	A	93,132	D
Common Stock^F1	Dec 4, 2018	S	48,596	$45.5351	D	44,536	D
Common Stock	holding	—	—		—	68,589	I	Revocable Living Trust
Common Stock	holding	—	—		—	1,214	I	Spouse Irrev Trust
Common Stock	holding	—	—		—	19,835	I	401(K) Plan
Common Stock	holding	—	—		—	17,970	I	JEPST Plan

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Stock Options (Right to Buy)^F2	$12.48	Dec 4, 2018	M	80,000	D	—	Dec 7, 2020	Common Stock	80,000	0	D
Stock Options (Right to Buy)^F3	$44.91	Dec 4, 2018	A	65,900	A	—	Dec 4, 2028	Common Stock	65,900	65,900	D

F1Reflects the weighted average price of 48,596 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on December 4, 2018 with sale prices ranging from $45.40 to $45.63 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 7, 2011.
F3The option vests in four equal annual installments, with the first group vesting on December 4, 2019.