VORPAHL LARRY L 4
4 · HORMEL FOODS CORP /DE/ · Filed Jan 10, 2020
Insider Transaction Report
Form 4
VORPAHL LARRY L
Group Vice President
Transactions
- Sale
Common Stock
2020-01-09$44.70/sh−75,519$3,375,571→ 136,999 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-01-08−87,933→ 92,067 totalExercise: $14.80Exp: 2021-12-06→ Common Stock (87,933 underlying) - Exercise/Conversion
Common Stock
2020-01-08$14.80/sh+87,933$1,301,408→ 191,707 total - Exercise/Conversion
Common Stock
2020-01-09$14.80/sh+92,067$1,362,592→ 212,518 total - Exercise/Conversion
Stock Options (Right to Buy)
2020-01-09−92,067→ 0 totalExercise: $14.80Exp: 2021-12-06→ Common Stock (92,067 underlying) - Sale
Common Stock
2020-01-08$44.70/sh−71,256$3,185,328→ 120,451 total
Holdings
- 4,084.713(indirect: JEPST Plan)
Common Stock
Footnotes (3)
- [F1]Reflects the weighted average price of 71,256 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on January 8, 2020 with sale prices ranging from $44.60 to $44.745 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]Reflects the weighted average price of 75,519 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on January 9, 2020 with sale prices ranging from $44.652 to $44.75 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.
- [F3]The option vested in four equal annual installments, with the first group vesting on December 6, 2012.