Thomas M. McGough - Jan 20, 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 20, 2022
Transactions value $
-$346,817
Form type
4
Date filed
1/21/2022, 04:33 PM
Previous filing
Jan 10, 2022
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Options Exercise $1.12M +40.8K +42.26% $27.46 137K Jan 20, 2022 Direct
transaction CAG Common Stock Sale -$1.47M -40.8K -29.71% $35.96 96.5K Jan 20, 2022 Direct F1, F2
holding CAG Common Stock 111K Jan 20, 2022 By Trust
holding CAG Common Stock 400 Jan 20, 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 -40.8K -46.57% $0.00 46.8K Jan 20, 2022 Common Stock 40.8K $27.46 Direct F3, F4
* 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 Price reflects the weighted average purchase price for multiple transactions ranging from $35.95 to $35.98 per share, inclusive. The Reporting Person undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.
F3 Reflects an antidilution adjustment to the number of options (originally granted on July 15, 2013 and expiring July 14, 2023, for 139,632 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 139,632.
F4 These stock options became exercisable as to 40% on July 15, 2014, 30% on July 15, 2015, and 30% on July 15, 2016.