NELSON DAVID C. 4
4 · SMITHFIELD FOODS INC · Filed Sep 20, 2011
Insider Transaction Report
Form 4
NELSON DAVID C.
Director
Transactions
- Award
Phantom Stock
2011-09-16$19.78/sh+1,857.534$36,742→ 20,642.774 total→ common stock (1,857.534 underlying)
Footnotes (2)
- [F1]1 for 1
- [F2]The phantom stock becomes payable in shares of Company common stock upon termination of service as a director either in a lump sum or in annual installments over a period of at least two years and not more than ten years as per the director's deferral election. Notwithstanding the foregoing, after termination of service, the phantom stock may, at the election of the director, be converted into one or more "deemed investments" approved by the Company's Nominating and Governance Committee.