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CONAGRA BRANDS INC. Director's Dealing 2012

Apr 3, 2012

30694_dirs_2012-04-03_653b3362-73c7-4c34-8c6b-fb6046840a5f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONAGRA FOODS INC /DE/ (CAG)
CIK: 0000023217
Period of Report: 2012-03-30

Reporting Person: MESSEL SCOTT E (SVP, Treasurer&Asst. Secretary)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-30 Common Stock M 9000 $25.90 Acquired 83276 Direct
2012-03-30 Common Stock M 40000 $23.14 Acquired 123276 Direct
2012-03-30 Common Stock M 60000 $22.00 Acquired 183276 Direct
2012-03-30 Common Stock S 15212 $26.32 Disposed 168064 Direct
2012-03-30 Common Stock S 93788 $26.356 Disposed 74276 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-03-30 Employee Stock Option (right to buy) $25.90 M 9000 Disposed 2012-09-25 Common Stock (9000) Direct
2012-03-30 Employee Stock Option (right to buy) $23.14 M 40000 Disposed 2015-07-24 Common Stock (40000) Direct
2012-03-30 Employee Stock Option (right to buy) $22.00 M 60000 Disposed 2013-07-12 Common Stock (60000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3273 Indirect

Footnotes

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 $26.35 to $26.40 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: Includes shares acquired under the 401(k) plan since the Reporting Person's last report.

F4: Options became exercisable as to 40% on September 26, 2003, 30% on September 26, 2004, and 30% on September 26, 2005.

F5: Options became exercisable as to 40% on May 28, 2006, 30% on May 27, 2007, and 30% on May 25, 2008.

F6: Options became exercisable as to 40% on May 27, 2007, 30% on May 25, 2008, and 30% on May 31, 2009.