SEC Form 4 · accession 0001179110-18-013540
HORMEL FOODS CORP /DE/ · HRL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James M Splinter
Officer — Group Vice President
Period of report
Dec 3, 2018
Accepted (ET)
Dec 6, 2018 · 5:00 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 3, 2018 | M | 48,000 | $9.5625 | A | 161,052 | D | |
| Common StockF1 | Dec 3, 2018 | S | 48,000 | $44.9822 | D | 113,052 | D | |
| Common Stock | holding | — | — | — | 2,543 | I | 401K Plan | |
| Common Stock | holding | — | — | — | 2,273 | I | JEPST Plam |
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 | Dec 3, 2018 | M | 48,000 | D | — | Dec 1, 2019 | Common Stock | 48,000 | 0 | D |
| Stock Options (Right to Buy)F3 | $44.91 | Dec 4, 2018 | A | 45,400 | A | — | Dec 4, 2028 | Common Stock | 45,400 | 45,400 | D |
Explanation of responses
- F1Reflects the weighted average price of 48,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on December 3, 2018 with sale prices ranging from $44.81 to $45.105 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 1, 2010.
- F3The option vests in four equal annual installments, with the first group vesting on December 4, 2019.