HORMEL FOODS CORP /DE/ — Director's Dealing 2002

Dec 4, 2002

4 1 j6233_4.htm 4

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1. Name and Address of Reporting Person * Cavanaugh, James W (Last) (First) (Middle) 1 Hormel Place (Street) Austin, MN 55912 (City) (State) (Zip) 2. Issuer Name and Ticker or Trading Symbol Hormel Foods Corporation HRL 3. I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4. Statement for (Month/Day/Year) December, 2002 5. If Amendment, Date of Original (Month/Day/Year) / 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Corporate Secretary 7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

| 1. Title of Security (Instr. 3) — Code | Price | 6. Ownership Form: Direct

(D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect

Beneficial Ownership (Instr. 4) |
| --- | --- | --- | --- |
| Common Stock | 48.195 | D | |
| Common Stock | 2,202 | I | 401(k) Trust |
| Common Stock | 1,552 | I | JEPST Trust |
| Common Stock | 1,040 | I | Founders Fund |

SEQ.=1,FOLIO='',FILE='C:\C2\bmoore\6233_1\t_980072\j6233_4.htm',USER='bmoore',CD='Dec 3 17:50 2002'

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g ., puts, calls, warrants, options, convertible securities)

| 1. Title of Derivative

Security (Instr. 3) | 2. Conversion or Exercise

Price of Derivative Security | 3. Transaction Date (Month/Day/ Year) | 4. Transaction Code

(Instr. 8) | | 5. Number of Derivative

Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | | 6. Date Exercisable and

Expiration Date (Month/Day/Year) | | 7. Title and Amount of

Underlying Securities (Instr. 3 and 4) | | 8. Price of Derivative

Security (Instr. 5) | 9. Number of Derivative

Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of

Derivative Securities : Direct (D) or Indirect (I) (Instr. 4) |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| | | | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount

or Number of Shares | | | |
| Stock Options (Right to Buy) | $22.35 | 12-2-02 | A | | 10,000 | | (1) | 12-2-12 | Common Stock | 10,000 | $22.35 | 10,000 | D |
| Stock Options (Right to Buy) | $14.6562 | | | | | | | 12-18-07 | | | | 6,000 | D |
| Stock Options (Right to Buy) | $15.9062 | | | | | | | 12-23-08 | | | | 6,000 | D |
| Stock Options (Right to Buy) | $19.25 | | | | | | | 1-26-10 | | | | 3,000 | D |
| Stock Options (Right to Buy) | $17.6875 | | | | | | | 12-6-10 | | | | 10,000 | D |
| Stock Options (Right to Buy) | $26.09 | | | | | | | 1-17-12 | | | | 10,000 | D |

Explanation of Responses: (1) The option vests 25% on 12-2-03 and 25% each year thereafter.

/s/ James W. Cavanaugh ** Signature of Reporting Person 12/04/2002 Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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Last update: 09/05/2002