RAY GARY J 4
4 · HORMEL FOODS CORP /DE/ · Filed Jan 5, 2005
Insider Transaction Report
Form 4
RAY GARY J
Director
Transactions
- Tax Payment
Common Stock
2005-01-03$31.35/sh−11,976$375,448→ 139,908.477 total - Exercise/Conversion
Common Stock
2005-01-03$12.38/sh+44,000$544,500→ 169,252.477 total - Tax Payment
Common Stock
2005-01-03$31.35/sh−17,368$544,487→ 151,884.477 total - Exercise/Conversion
Stock Options (Right to Buy)
2005-01-03$12.38/sh−44,000$544,500→ 0 totalExercise: $12.38From: 1995-07-11Exp: 2005-01-11→ Common Stock (44,000 underlying)
Footnotes (2)
- [F1]Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.
- [F2]Reporting Person holds indirectly 610 shares in the 401(k) Trust, 674 shares in JEPST, and 1,143 shares in Founders Fund. Reporting Person also holds 26,470 phantom shares in his deferred stock account.