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HORMEL FOODS CORP /DE/·4

Nov 14, 11:47 AM ET

PAXTON GARY C 4

4 · HORMEL FOODS CORP /DE/ · Filed Nov 14, 2003

Insider Transaction Report

Form 4
Period: 2003-11-13
HORMEL FOODS CORP /DE/HRL
PAXTON GARY C
Vice President
Transactions
  • Tax Payment

    Common Stock

    2003-11-13$27.05/sh−5,305$143,500→ 8,817 total
  • Exercise/Conversion

    Common Stock

    2003-11-13$10.25/sh+5,305$54,376→ 14,122 total
  • Exercise/Conversion

    Stock Options (Right to Buy)

    2003-11-13$10.25/sh−14,000$143,500→ 0 total
    Exercise: $10.25From: 1994-07-25Exp: 2004-01-25→ Common Stock (14,000 underlying)
  • Exercise/Conversion

    Phantom Stock

    2003-11-13+8,695→ 8,695 total
    Exercise: $0.00→ Common Stock (8,695 underlying)
Footnotes (3)
  • [F1]Reporting person also holds 979 shares indirectly in Founders Fund.
  • [F2]The reporting person elected to defer receipt of 8,695 shares of common stock issuable upon exercise of his option, resulting in the accrual to his account of 8,695 shares of phantom stock.
  • [F3]Settles in common stock at 1-for-1 upon retirement from the Company.

Documents

1 file
  • 4
    edgar.xmlPrimary

    FORM 4 -