HORMEL FOODS CORP /DE/ 4
4 · HORMEL FOODS CORP /DE/ · Filed Jun 24, 2008
Insider Transaction Report
Form 4
RAY GARY J
Director
Transactions
- Tax Payment
Common Stock
2008-06-24$35.31/sh−20,036$707,471→ 208,906.44 total - Tax Payment
Common Stock
2008-06-24$35.51/sh−8,844$314,050→ 200,062.44 total - Exercise/Conversion
Stock Options (Right to Buy)
2008-06-24$17.69/sh−40,000$707,500→ 35,000 totalExercise: $17.69Exp: 2010-12-06→ Common Stock (40,000 underlying) - Exercise/Conversion
Common Stock
2008-06-24$17.69/sh+40,000$707,500→ 228,942.44 total
Footnotes (3)
- [F1]The option vested in four equal annual installments, with the first group vesting on December 6, 2001.
- [F2]Reporting Person has exercised Stock Withholding rights in connectionwith this option exercise, as reflected on Table 1.
- [F3]Reporting Person holds indirectly 1,253.86 shares in the 401(k), and 1,907.67 shares in the JEPST Trust. Reporting Person also holds 28,027.89 phantom shares in his deferred stock account.