HORMEL FOODS CORP /DE/ 4
4 · HORMEL FOODS CORP /DE/ · Filed Apr 11, 2017
Insider Transaction Report
Form 4
SPLINTER JAMES M
Vice President
Transactions
- Exercise/Conversion
Common Stock
2017-04-10$10.04/sh+48,000$481,680→ 169,953.144 total - Tax Payment
Common Stock
2017-04-10$34.25/sh−12,215$418,364→ 157,738.144 total - Sale
Common Stock
2017-04-10$34.37/sh−35,785$1,229,966→ 121,953.144 total - Exercise/Conversion
Stock Options (Right to Buy)
2017-04-10−48,000→ 0 totalExercise: $10.04Exp: 2017-12-04→ Common Stock (48,000 underlying)
Footnotes (2)
- [F1]Reflects the weighted average price of 35,785 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on April 10, 2017 with sale prices ranging from $34.33 to $34.40 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- [F2]The option vested in four equal annual installments, with the first group vesting on December 4, 2008.