Thomas M. McGough - Apr 21, 2022 Form 4 Insider Report for CONAGRA BRANDS INC. (CAG)

Role
EVP & Co-COO
Signature
/s/ Henry Turner, Jr., Attorney-in-fact
Stock symbol
CAG
Transactions as of
Apr 21, 2022
Transactions value $
-$241,046
Form type
4
Date filed
4/22/2022, 04:20 PM
Previous filing
Jan 21, 2022
Next filing
Jul 26, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAG Common Stock Options Exercise $697K +25.4K +26.31% $27.46 122K Apr 21, 2022 Direct
transaction CAG Common Stock Sale -$939K -25.4K -20.83% $36.95 96.5K Apr 21, 2022 Direct F1, F2
holding CAG Common Stock 111K Apr 21, 2022 By Trust
holding CAG Common Stock 400 Apr 21, 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 -25.4K -54.27% $0.00 21.4K Apr 21, 2022 Common Stock 25.4K $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 sale price for multiple transactions that ranged from $36.95 to $36.965 per share. 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 sold 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 139,682 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.
F4 These stock options became exercisable as to 40% on July 15, 2014, 30% on July 15, 2015, and 30% on July 15, 2016.