PAXTON GARY C 4
4 · HORMEL FOODS CORP /DE/ · Filed Jan 31, 2005
Insider Transaction Report
Form 4
PAXTON GARY C
Vice President
Transactions
- Exercise/Conversion
Common Stock
2005-01-27$11.94/sh+15,000$179,063→ 35,484 total - Tax Payment
Common Stock
2005-01-27$31.02/sh−3,164$98,147→ 26,548 total - Tax Payment
Common Stock
2005-01-27$31.02/sh−5,772$179,047→ 29,712 total - Exercise/Conversion
Stock Options (Right to Buy)
2005-01-27$11.94/sh−15,000$179,063→ 15,000 totalExercise: $11.94From: 1996-05-21Exp: 2005-11-21→ Common Stock (15,000 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 also holds 8,829.358 phantom shares in his Deferred Stock Account, and indirectly holds 1,034 shares in the Founders Fund.