SANDERSON JOE F JR 4
4 · SANDERSON FARMS INC · Filed Nov 4, 2019
Insider Transaction Report
Form 4
SANDERSON JOE F JR
DirectorCEO, Chairman of Board
Transactions
- Tax Payment
Common Stock
2019-11-01$159.76/sh−13,266$2,119,376→ 734,781 total - Exercise/Conversion
Performance Shares
2019-10-31−33,533→ 0 total→ Common Stock (33,533 underlying) - Exercise/Conversion
Common Stock
2019-10-31+33,533→ 762,879 total - Tax Payment
Common Stock
2019-10-31$154.81/sh−14,832$2,296,142→ 748,047 total
Holdings
- 104,402.625(indirect: Allocated to Reporting Person's account in Issuer ESOP.)
Common Stock
- 9,808(indirect: By Spouse)
Common Stock
Footnotes (1)
- [F1]The reported transaction was the vesting of performance shares that were awarded on November 1, 2016. The award entitled the Reporting Person to a number of shares of common stock based on the Issuer's level of achievement of performance measures over a two-year period ending October 31, 2018. The performance measures were return on equity and return on sales. On December 27, 2018, the Issuer's Compensation Committee determined that based on the Issuer's actual performance, the Reporting Person was entitled to the number of shares reported in Table II. However, the Reporting Person's performance share agreement provided that the earned shares would not be issued unless the Reporting Person was employed by the Issuer (with some exceptions) for an additional one-year vesting period ending on October 31, 2019. That condition has now been met.