RAINES B J 4
4 · CAL MAINE FOODS INC · Filed Dec 15, 2004
Insider Transaction Report
Form 4
RAINES B J
DirectorVP, CFO and Secretary
Transactions
- Exercise/Conversion
Common Stock
2004-12-13$1.50/sh+32,000$48,000→ 116,480 total - Disposition to Issuer
Common Stock
2004-12-13$12.40/sh−16,000$198,400→ 100,480 total - Exercise/Conversion
Option (right to buy)
2004-12-13−16,000→ 0 totalExercise: $1.50From: 2000-12-13Exp: 2009-12-13→ Common Stock (16,000 underlying) - Exercise/Conversion
Stock appreciation right
2004-12-13−16,000→ 0 totalExercise: $1.50From: 2000-12-13Exp: 2009-12-13→ Common Stock (16,000 underlying)
Holdings
- 28,332(indirect: By ESOP)
Common Stock
Footnotes (2)
- [F1]This amount includes 50,000 shares held in the reporting person's IRA account
- [F2]The stock option and stock appreciation right become exercisable to the extent of 20% on the above date and is cumulatively exercisable to the extent of 20% each year thereafter. The stock appreciation right and the stock option were granted in tandem. Accordingly, the exercise of the one results in the expiration of the other, if and to the extent the other is not exercised.