TURNER JOHN G 4
4 · HORMEL FOODS CORP /DE/ · Filed Mar 25, 2011
Insider Transaction Report
Form 4
TURNER JOHN G
Director
Transactions
- Tax Payment
Common Stock
2011-03-23$27.56/sh−980$27,009→ 71,298 total - Tax Payment
Common Stock
2011-03-23$27.56/sh−4,866$134,107→ 72,278 total - Exercise/Conversion
Stock Options (Right to Buy)
2011-03-23$16.77/sh−8,000$134,120→ 0 totalExercise: $16.77From: 2006-08-01Exp: 2016-02-01→ Common Stock (8,000 underlying) - Exercise/Conversion
Common Stock
2011-03-23$16.77/sh+8,000$134,120→ 77,144 total
Footnotes (3)
- [F1]All share amounts reflect the stock split effective February 1, 2011.
- [F2]Of the shares being reported, 24,500 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 3,824 phantom shares in his deferred stock plan account.
- [F3]Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.