Thomas M. McGough - Jan 7, 2022 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role
EVP & Co-COO
Signature
/s/ Uche Ndumele, Attorney-in-fact
Stock symbol
CAG
Transactions as of
Jan 7, 2022
Transactions value $
-$377,000
Form type
4
Date filed
1/10/2022, 04:18 PM
Previous filing
Jul 26, 2021
Next filing
Jan 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Options Exercise $5.49K +200 +0.21% $27.46 96.7K Jan 7, 2022 Direct
transaction CAG Common Stock Sale -$7K -200 -0.21% $35.00 96.5K Jan 7, 2022 Direct F1
transaction CAG Common Stock Options Exercise $1.37M +49.8K +51.58% $27.46 146K Jan 10, 2022 Direct
transaction CAG Common Stock Sale -$1.74M -49.8K -34.03% $35.00 96.5K Jan 10, 2022 Direct F1
holding CAG Common Stock 111K Jan 7, 2022 By Trust
holding CAG Common Stock 400 Jan 7, 2022 By Wife

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 CAG Employee Stock Option (right to buy) Options Exercise $0 -200 -0.15% $0.00 137K Jan 7, 2022 Common Stock 200 $27.46 Direct F2, F3
transaction CAG Employee Stock Option (right to buy) Options Exercise $0 -49.8K -36.24% $0.00 87.6K Jan 10, 2022 Common Stock 49.8K $27.46 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All of the shares being sold were acquired by the Reporting Person within the past two business days upon the exercise of stock options.
F2 Reflects an antidilution adjustment to the number of options (originally granted on July 15, 2013 and expiring July 14, 2023, for 139,682 shares at an exercise price of $36.89 per share) held by the Reporting Person and the exercise price for such options, which antidilution adjustment was made prior to the exercise date in connection with the spinoff of Lamb Weston Holdings, Inc. from the Issuer on November 9, 2016 (the "Spinoff"). The total number of options held by the Reporting Person immediately prior to the Spinoff was 139,682.
F3 These stock options became exercisable as to 40% on July 15, 2014, 30% on July 15, 2015, and 30% on July 15, 2016.