SMITHFIELD FOODS INC 4
4 · SMITHFIELD FOODS INC · Filed Aug 14, 2013
Insider Transaction Report
Form 4
LUTER JOSEPH W IV
Executive Vice President
Transactions
- Tax Payment
common stock, par value $.50
2013-07-29$33.20/sh−5,963$197,972→ 276,997 total
Holdings
- 355,400(indirect: By LLC)
common stock, par value $.50
- 7,908(indirect: By Trust)
common stock, par value $.50
- 5,776(indirect: By Trust)
common stock, par value $.50
- 1,724(indirect: By Trust)
common stock, par value $.50
- 1,724(indirect: By Trust)
common stock, par value $.50
Footnotes (1)
- [F1]On July 29, 2011, the reporting person was granted 25,000 performance share units (PSUs) under the Company's 2008 Incentive Compensation Plan. Each PSU represented a contingent right to receive one share of common stock. As previously reported, on June 14, 2012, the pre-established performance goal for this award was met and 50% of the PSUs vested immediately. The remainder of PSUs vested on July 29, 2013. This filing is being made to report the shares of common stock surrendered back to the Company to satisfy tax withholding obligations related to the shares that vested on July 29, 2013.