Steven J. Lykken - Jul 1, 2021 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Group Vice President
Signature
Steven J. Lykken, by Power of Attorney
Stock symbol
HRL
Transactions as of
Jul 1, 2021
Transactions value $
-$839,201
Form type
4
Date filed
7/6/2021, 06:21 PM
Next filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Options Exercise $18.1K +1.22K +4.56% $14.80 28K Jul 1, 2021 Direct
transaction HRL Common Stock Sale -$58.1K -1.22K -4.36% $47.61 26.8K Jul 1, 2021 Direct F1
transaction HRL Common Stock Sale -$1.02M -21.4K -79.85% $47.61 5.4K Jul 1, 2021 Direct F2
transaction HRL Common Stock Options Exercise $219K +14.8K +273.91% $14.80 20.2K Jul 6, 2021 Direct
holding HRL Common Stock 4.9K Jul 1, 2021 401(k) Plan
holding HRL Common Stock 1.96K Jul 1, 2021 JEPST Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction HRL Stock Options (Right to Buy) Options Exercise $0 -1.22K -7.63% $0.00 14.8K Jul 1, 2021 Common Stock 1.22K $14.80 Direct F3
transaction HRL Stock Options (Right to Buy) Options Exercise $0 -14.8K -100% $0.00* 0 Jul 6, 2021 Common Stock 14.8K $14.80 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the weighted average price of 1,220 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on July 1, 2021 with sale prices ranging from $47.45 to $47.76 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 21,380 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on July 1, 2021 with sale prices ranging from $47.44 to $47.77 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.