4//SEC Filing
TYSON FOODS INC 4
Accession 0000100493-16-000313
$TSNCIK 0000100493operating
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 5:09 PM ET
Size
15.0 KB
Accession
0000100493-16-000313
Insider Transaction Report
Form 4
Smith Donald
President & Chief Exec Officer
Transactions
- Other
Class A Common Stock
2016-09-20+185.305→ 215,256.204 total - Exercise/Conversion
Class A Common Stock
2016-11-28+77,467.505→ 292,723.709 total - Tax Payment
Class A Common Stock
2016-11-28−15,781→ 239,098.709 total - Tax Payment
Class A Common Stock
2016-11-28−37,844→ 254,879.709 total - Exercise/Conversion
Performance Shares
2016-11-28−100,566→ 0 total→ Class A Common Stock (100,566 underlying) - Other
Class A Common Stock
2016-11-17+551.766→ 3,294.355 total(indirect: Employee Stock Purchase Plan)
Footnotes (6)
- [F1]Represents shares of the Issuer's Class A Common Stock received by the Reporting Person pursuant to the Issuer's dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16a-11.
- [F2]Includes 32,303.498 shares of Class A Common Stock which vested as described in footnote 6 and 58,695.430 shares of Class A Common Stock which vest on or about January 1, 2017 pursuant to the Transition, Non-Compete and Consulting Agreement by and between the Issuer and the Reporting Person.
- [F3]Represents shares of the Issuer's Class A Common Stock purchased for the Reporting Person's account under the Issuer's Employee Stock Purchase Plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16b-3.
- [F4]On November 22, 2013 the Reporting Person received a grant of 100,566 performance shares which vested (in whole or in part) or expired on November 28, 2016 subject to the achievement of performance metrics in the applicable Stock Incentive Agreement. The performance metrics were (a) a cumulative adjusted earnings before interest and taxes (EBIT) target of $6,344 million for the 2014-2016 fiscal years and (b) a favorable comparison of the Issuer's Class A common stock price relative to the stock prices of a predetermined peer group of publicly traded companies over the 2014-2016 fiscal years. The performance shares could vest at a level of 50%-200% and were previously reported as derivative securities at the 200% level. On November 28, 2016, 77,467.505 shares vested and are reported herein as acquired non-derivatives securities.
- [F5]Pursuant to an election made by the Reporting Person, 37,844 shares were sold by the Reporting Person to the Issuer on November 28, 2016, to satisfy tax withholding obligations related to the vesting described in footnote 4.
- [F6]On November 28, 2016, 32,303.498 shares of restricted Class A Common Stock vested. These shares were previously reported as beneficially owned by the Reporting Person. Pursuant to an election made by the Reporting Person, 15,781 shares were sold by the Reporting Person to the Issuer on November 28, 2016, to satisfy tax withholding obligations.
Documents
Issuer
TYSON FOODS INC
CIK 0000100493
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000100493
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 5:09 PM ET
- Size
- 15.0 KB