Tolbert Michael D 4
4 · HORMEL FOODS CORP /DE/ · Filed Jan 6, 2010
Insider Transaction Report
Form 4
Tolbert Michael D
Group Vice President
Transactions
- Exercise/Conversion
Stock Options (Right to Buy)
2010-01-04$19.25/sh−5,000$96,250→ 0 totalExercise: $19.25Exp: 2010-01-26→ Common Stock (5,000 underlying) - Exercise/Conversion
Common Stock
2010-01-04$19.25/sh+5,000$96,250→ 18,577.426 total - Tax Payment
Common Stock
2010-01-04$38.45/sh−972$37,373→ 17,605.426 total
Footnotes (3)
- [F1]Reporting Person holds indirectly 1,546.195 shares in the 401(k), and 4,573.344 shares in the JEPST Trust.
- [F2]Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.
- [F3]The option vested in four equal annual installments, with the first group vesting on January 26, 2001.