4//SEC Filing
Hayes Thomas P 4
Accession 0000100493-17-000165
CIK 0000100493other
Filed
Nov 20, 7:00 PM ET
Accepted
Nov 21, 4:46 PM ET
Size
21.7 KB
Accession
0000100493-17-000165
Insider Transaction Report
Form 4
Hayes Thomas P
President, Food Service
Transactions
- Other
Class A Common Stock
2017-09-19+1,195.183→ 85,047.016 total - Exercise/Conversion
Class A Common Stock
2017-11-17+21,950.648→ 106,997.664 total - Tax Payment
Class A Common Stock
2017-11-17−2,724→ 94,255.664 total - Tax Payment
Class A Common Stock
2017-11-17−10,018→ 96,979.664 total - Award
Class A Common Stock
2017-11-17+17,634.988→ 111,890.652 total - Exercise/Conversion
Performance Shares
2017-11-17−24,609→ 0 total→ Class A Common Stock (24,609 underlying) - Award
Non-Qualified Stock Options (Right to Buy)
2017-11-17$77.97/sh+75,426$5,880,965→ 75,426 totalExercise: $77.97From: 2018-11-17Exp: 2027-11-17→ Class A Common Stock (75,426 underlying) - Award
Performance Shares
2017-11-21+70,539.952→ 70,539.952 total→ Class A Common Stock (70,539.952 underlying)
Footnotes (10)
- [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.
- [F10]Award of performance Class A Common Stock which vests on November 13, 2020 if the performance metrics described in the applicable Stock Incentive Agreement are achieved. The performance criteria set forth in the Stock Incentive Agreement are (1) achievement of a three year (fiscal 2018-2020) cumulative EBIT target and (2) a favorable comparison of the relative total shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over a three year (fiscal 2018-2020 ) period. Subject to the achievement of the performance criteria, the performance shares could vest at a level of 50 percent to 200 percent and are reported as derivative securities at the 200 percent level. If neither of the performance criteria is achieved, the award expires.
- [F2]Includes 7,952.3386 shares of Class A Common Stock which vested as described in footnote 5; 47,814.9497 shares of Class A Common Stock which vest on July 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 8,634.783 shares of Class A Common Stock which vest on December 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; and 7,354.251 shares of Class A Common Stock which vest on November 18, 2019 if the performance metrics described in the applicable Stock Incentive Agreement are achieved.
- [F3]On November 21, 2014 the Reporting Person received a grant of 24,609 performance shares which vested (in whole or in part) or expired on November 17, 2017 subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative adjusted earnings before interest and taxes (EBIT) target of $8,704 million for the 2015-2017 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 2015-2017 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 17, 2017, 21,950.648 shares vested and are reported herein as acquired non-derivatives securities.
- [F4]Pursuant to an election made by the Reporting Person, 10,018 shares were sold by the Reporting Person to the Issuer on November 17, 2017, to satisfy tax withholding obligations related to the vesting described in footnote 3.
- [F5]On November 17, 2017, 7,952.3386 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, 2,724 shares were sold by the Reporting Person to the Issuer on November 17, 2017, to satisfy tax withholding obligations.
- [F6]Includes 47,814.9497 shares of Class A Common Stock which vest on July 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 8,634.783 shares of Class A Common Stock which vest on December 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; and 20,644.945 shares of Class A Common Stock which vest on November 18, 2019 if the performance metrics described in the applicable Stock Incentive Agreement are achieved.
- [F7]Award of Class A Common Stock which vests on November 13, 2020 if the performance metric described in the applicable Stock Incentive Agreement (the Incentive Agreement) are achieved and the Reporting Person is employed by the Issuer on the vesting date. The performance metrics are achievement of a three year (fiscal 2018-2020) cumulative EBIT target as set forth in the Incentive Agreement. If the performance metric is not achieved, the award expires.
- [F8]Includes 47,814.9497 shares of Class A Common Stock which vest on July 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 8,634.783 shares of Class A Common Stock which vest on December 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 20,644.945 shares of Class A Common Stock which vest on November 18, 2019 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; and 17,634.988 shares of Class A Common Stock which vest on November 13, 2020 if the performance metrics described in the applicable Stock Incentive Agreement are achieved.
- [F9]The stock options vest at 33 1/3% on each of the first, second, and third anniversary dates of the grant.
Documents
Issuer
TYSON FOODS INC
CIK 0000100493
Entity typeother
Related Parties
1- filerCIK 0001552992
Filing Metadata
- Form type
- 4
- Filed
- Nov 20, 7:00 PM ET
- Accepted
- Nov 21, 4:46 PM ET
- Size
- 21.7 KB