4//SEC Filing
SANDERSON JOE F JR 4
Accession 0001209191-20-056654
CIK 0000812128other
Filed
Nov 2, 7:00 PM ET
Accepted
Nov 3, 4:46 PM ET
Size
9.4 KB
Accession
0001209191-20-056654
Insider Transaction Report
Form 4
SANDERSON JOE F JR
DirectorCEO, Chairman of Board
Transactions
- Exercise/Conversion
Common Stock
2020-10-31+4,231→ 736,344 total - Exercise/Conversion
Performance Shares
2020-10-31−4,231→ 0 total→ Common Stock (4,231 underlying)
Holdings
- 9,808(indirect: By Spouse)
Common Stock
- 105,571.895(indirect: Allocated to Reporting Person's account in Issuer ESOP.)
Common Stock
Footnotes (2)
- [F1]The reported transaction was the vesting of performance shares that were awarded on November 1, 2017. 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, 2019. The performance measures were return on equity and return on sales. On January 3, 2020, 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, 2020. That condition has now been met.
- [F2]Reflects allocations not reported on the Reporting Person's previous ownership report.
Documents
Issuer
SANDERSON FARMS INC
CIK 0000812128
Entity typeother
IncorporatedMS
Related Parties
1- filerCIK 0001054609
Filing Metadata
- Form type
- 4
- Filed
- Nov 2, 7:00 PM ET
- Accepted
- Nov 3, 4:46 PM ET
- Size
- 9.4 KB