TURNER JOHN G 4
4 · HORMEL FOODS CORP /DE/ · Filed Dec 20, 2010
Insider Transaction Report
Form 4
TURNER JOHN G
Director
Transactions
- Tax Payment
Common Stock
2010-12-16$51.62/sh−488$25,191→ 32,772 total - Exercise/Conversion
Common Stock
2010-12-16$31.50/sh+4,000$126,000→ 35,700 total - Exercise/Conversion
Stock Options (Right to Buy)
2010-12-16$31.50/sh−4,000$126,000→ 0 totalExercise: $31.50From: 2005-08-01Exp: 2015-02-01→ Common Stock (4,000 underlying) - Tax Payment
Common Stock
2010-12-16$51.62/sh−2,440$125,953→ 33,260 total
Footnotes (2)
- [F1]Of the shares being reported, 12,500 shares are subject to certain restrictions (including possible forfeiture) applicable to restricted stock grants under the 2000 Stock Incentive Plan, the 2009 Long-Term Incentive Plan, and the Restricted Stock Award Agreements. Reporting Person also holds 3,789 shares of phantom stock in his deferred stock plan account.
- [F2]Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.