4//SEC Filing
SMITHFIELD FOODS INC 4
Accession 0001209191-13-045900
$SFDCIK 0000091388operating
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 12:45 PM ET
Size
30.1 KB
Accession
0001209191-13-045900
Insider Transaction Report
Form 4
SULLIVAN KENNETH M
Vice President & C.A.O.
Transactions
- Disposition to Issuer
Performance Share Units
2013-09-26$34.00/sh−30,000$1,020,000→ 0 total→ common stock (30,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$12.06/sh−25,000$301,500→ 0 totalExercise: $21.94Exp: 2018-06-20→ common stock (25,000 underlying) - Award
Performance Share Units
2013-09-26+30,000→ 30,000 total→ common stock (30,000 underlying) - Award
common stock, par value $.50
2012-06-07+12,646→ 20,088 total - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$13.33/sh−20,000$266,600→ 0 totalExercise: $20.67Exp: 2019-06-18→ common stock (20,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$18.57/sh−15,000$278,550→ 0 totalExercise: $15.43Exp: 2017-06-21→ common stock (15,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$10.25/sh−7,500$76,875→ 0 totalExercise: $23.75From: 2013-06-16Exp: 2018-06-16→ common stock (7,500 underlying) - Disposition to Issuer
common stock, par value $.50
2013-09-26$34.00/sh−20,088$682,992→ 0 total - Disposition to Issuer
common stock, par value $.50
2013-09-26$34.00/sh−565.74$19,235→ 0 total(indirect: By 401(k)) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$20.70/sh−10,000$207,000→ 0 totalExercise: $13.30Exp: 2016-07-06→ common stock (10,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$1.60/sh−5,000$8,000→ 0 totalExercise: $32.40From: 2012-06-11Exp: 2017-06-11→ common stock (5,000 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2013-09-26$2.14/sh−2,000$4,280→ 0 totalExercise: $31.86From: 2010-06-02Exp: 2015-06-02→ common stock (2,000 underlying)
Footnotes (6)
- [F1]Includes 6,323 shares of restricted stock units (RSUs) the reporting person elected to receive on a deferred basis in lieu of a portion of his 2012 annual cash incentive award pursuant to the Company's Executive Stock Purchase Plan. Also includes 6,323 RSUs representing the Company match on such deferral, subject to three year cliff-vesting.
- [F2]Reflects the total number of shares as of immediately prior to the transaction reported on the line below.
- [F3]Pursuant to the merger agreement, dated as of May 28, 2013, among Smithfield Foods, Inc., Shuanghui International Holdings Limited and Sun Merger Sub, Inc., these shares were cancelled and converted into the right to receive an amount in cash equal to $34.00 per share.
- [F4]Pursuant to the merger agreement, these options (which provided for ratable vesting over a three-year period beginning on the grant date) were cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock subject to such options and (ii) the excess of $34.00 over the exercise price of the options.
- [F5]Pursuant to the merger agreement, these options were cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock subject to such options and (ii) the excess of $34.00 over the exercise price of the options.
- [F6]On June 11, 2013, the reporting person was granted an award with a target amount of 30,000 performance share units (PSUs) under the Company's 2008 Incentive Compensation Plan. Pursuant to the terms of the award and the merger agreement, these PSUs vested at the target amount as of the effective time of the merger and were converted into the right to receive an amount in cash equal to $34.00 per PSU.
Documents
Issuer
SMITHFIELD FOODS INC
CIK 0000091388
Entity typeoperating
IncorporatedVA
Related Parties
1- filerCIK 0000091388
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 12:45 PM ET
- Size
- 30.1 KB