SCHNEIDER MAHLON C 4
4 · HORMEL FOODS CORP /DE/ · Filed Jan 22, 2004
Insider Transaction Report
Form 4
SCHNEIDER MAHLON C
Senior Vice President
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2004-01-21$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
2004-01-21+6,014→ 6,014 totalExercise: $0.00→ Common Stock (6,014 underlying) - Exercise/Conversion
Common Stock
2004-01-21$10.25/sh+3,986$40,857→ 35,799.334 total - Tax Payment
Common Stock
2004-01-21$25.72/sh−3,986$102,520→ 31,813.334 total
Footnotes (3)
- [F1]Reporting Person also holds indirectly 9450 shares in the 401(k), 6178 shares in the JEPST Trust, and 503 shares in Founders Fund.
- [F2]The Reporting Person elected to defer receipt of 6,014 shares of common stock issuable upon exercise of his option, resulting in the accrual to his account of 6,014 shares of phantom stock.
- [F3]Settles in common stock at 1-for-1 upon retirement from the Company.