HORMEL FOODS CORP /DE/ 4
4 · HORMEL FOODS CORP /DE/ · Filed Oct 2, 2013
Insider Transaction Report
Form 4
Forbes Glenn S
Director
Transactions
- Award
Common Stock
2013-09-30+230.59→ 12,434.402 total
Footnotes (3)
- [F1]Each share of phantom stock is the equivalent of one share of common stock. The shares of phantom stock become payable in common stock in one lump sum, or in up to ten annual installments, at the election of the reporting person, on February 15 of the year following termination of service as a director, or such later date as is elected by the reporting person. In addition, the shares of phantom stock become payable in common stock in one lump sum immediately upon a director's separation from service within six months following a change of control (as defined in the Plan).
- [F2]Reflects additional phantom stock units received by the Reporting Person upon conversion of dividend equivalents from June 30, 2013 to the present.
- [F3]Amount includes shares subject to phantom stock units previously reported on Table II.