Gary Jamison - Dec 16, 2021 Form 4 Insider Report for HORMEL FOODS CORP /DE/ (HRL)

Role
Vice President and Treasurer
Signature
Gary Jamison, by Power of Attorney
Stock symbol
HRL
Transactions as of
Dec 16, 2021
Transactions value $
-$278,512
Form type
4
Date filed
1/12/2022, 11:13 AM
Previous filing
Dec 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Gift $0 -2.06K -14.56% $0.00 12.1K Dec 16, 2021 Direct
transaction HRL Common Stock Options Exercise $124K +8K +66.15% $15.49 20.1K Jan 10, 2022 Direct
transaction HRL Common Stock Sale -$402K -8K -39.81% $50.30 12.1K Jan 10, 2022 Direct F1
holding HRL Common Stock 7.68K Dec 16, 2021 401(k) Plan
holding HRL Common Stock 3.09K Dec 16, 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 -8K -100% $0.00* 0 Jan 10, 2022 Common Stock 8K $15.49 Direct F2
* 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 8,000 shares of common stock of Hormel Foods Corporation sold by the reporting person in multiple transactions on January 10, 2022 with sale prices ranging from $50.30 to $50.31 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 The option vested in four equal annual installments, with the first group vesting on December 4, 2013.