HORMEL FOODS CORP /DE/ 4
4 · HORMEL FOODS CORP /DE/ · Filed Jun 1, 2007
Insider Transaction Report
Form 4
GILLETTE E PETER JR
Director
Transactions
- Exercise/Conversion
Common Stock
2007-05-30$17.59/sh+4,000$70,375→ 15,445 total - Tax Payment
Common Stock
2007-05-30$37.24/sh−1,832$68,224→ 15,338 total - Sale
Common Stock
2007-05-30$36.91/sh−6,275$231,617→ 17,170 total - Exercise/Conversion
Stock Options (Right to Buy)
2007-05-30$17.59/sh−4,000$70,375→ 0 totalExercise: $17.59From: 1999-08-01Exp: 2009-02-01→ Common Stock (4,000 underlying)
Footnotes (2)
- [F1]Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.
- [F2]Of the shares being reported, 8,445 are subject to certain restrictions (including possible forfeiture)applicable to restricted stock grants under the 2000 Stock Incentive Plan and the Restricted Stock Award Agreements.