MANLY ROBERT W 4
4 · SMITHFIELD FOODS INC · Filed Jul 10, 2012
Insider Transaction Report
Form 4
MANLY ROBERT W
Exec. VP and CFO
Transactions
- Exercise/Conversion
common stock, par value $.50
2012-07-06$13.30/sh+33,000$438,900→ 419,115 total - Tax Payment
common stock, par value $.50
2012-07-06$20.08/sh−14,067$282,465→ 386,115 total - Tax Payment
common stock, par value $.50
2012-07-06$20.08/sh−26,560$533,325→ 392,555 total - Exercise/Conversion
Employee Stock Option (right to buy)
2012-07-06−33,000→ 0 totalExercise: $13.30Exp: 2016-07-06→ common stock (33,000 underlying)
Footnotes (2)
- [F1]On July 6, 2009, the reporting person was granted 100,000 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 16, 2011, the pre-established performance goal for this award was met and 33% of the PSU's vested immediately, and another 33% vested on July 6, 2011. The remainder vested on July 6, 2012. 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 6, 2012.
- [F2]The option vested in three equal annual installments beginning on July 6, 2010.