DRYDEN FORREST D 4
4 · HORMEL FOODS CORP /DE/ · Filed Nov 3, 2003
Insider Transaction Report
Form 4
DRYDEN FORREST D
Vice President
Transactions
- Tax Payment
Common Stock
2003-11-03$24.69/sh−4,152$102,513→ 38,578 total - Exercise/Conversion
Stock Options (Right to Buy)
2003-11-03$10.25/sh−10,000$102,500→ 0 totalExercise: $10.25From: 1994-07-25Exp: 2004-01-25→ Common Stock (10,000 underlying) - Exercise/Conversion
Phantom Stock
2003-11-03+5,848→ 5,848 totalExercise: $0.00→ Common Stock (5,848 underlying) - Exercise/Conversion
Common Stock
2003-11-03$10.25/sh+4,152$42,558→ 42,730 total
Footnotes (3)
- [F1]Reporting person also holds 1085 shares indirectly in Founders Fund; and spouse holds 22,000 shares in her name.
- [F2]The reporting person elected to defer receipt of 5848 shares of common stock issuable upon exercise of his option, resulting in the accrual to his account of 5848 shares of phantom stock.
- [F3]Settles in common stock at 1-for-1 upon retirement from the Company.