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

Signature
Gary Jamison, by Power of Attorney
Issuer symbol
HRL
Transactions as of
16 Dec 2021
Net transactions value
-$278,512
Form type
4
Filing time
12 Jan 2022, 11:13:30 UTC
Previous filing
09 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HRL Common Stock Gift $0 -2,061 -15% $0.000000 12,093 16 Dec 2021 Direct
transaction HRL Common Stock Options Exercise $123,920 +8,000 +66% $15.49 20,093 10 Jan 2022 Direct
transaction HRL Common Stock Sale $402,432 -8,000 -40% $50.30 12,093 10 Jan 2022 Direct F1
holding HRL Common Stock 7,682 16 Dec 2021 401(k) Plan
holding HRL Common Stock 3,092 16 Dec 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 -8,000 -100% $0.000000* 0 10 Jan 2022 Common Stock 8,000 $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.