BROSS RICHARD A 4
4 · HORMEL FOODS CORP /DE/ · Filed Apr 5, 2012
Insider Transaction Report
Form 4
BROSS RICHARD A
Group Vice President
Transactions
- Exercise/Conversion
Common Stock
2012-04-03$15.04/sh+85,000$1,277,975→ 177,348 total - Tax Payment
Common Stock
2012-04-03$29.61/sh−43,160$1,277,968→ 134,188 total - Exercise/Conversion
Stock Options (Right to Buy)
2012-04-03−85,000→ 0 totalExercise: $15.04Exp: 2014-12-07→ Common Stock (85,000 underlying) - Tax Payment
Common Stock
2012-04-03$29.61/sh−18,553$549,354→ 115,635 total
Footnotes (4)
- [F1]All share amounts reflect the stock split effective February 1, 2011.
- [F2]Reporting Person holds indirectly 19,025.2379 shares in the 401(k), and 22,942.5976 shares in the JEPST Trust. In addition, 37,732 shares are held by his spouse, on which beneficial ownership is disclaimed.
- [F3]Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.
- [F4]The option vested in four equal annual installments, with the first group vesting on December 7, 2005.