HORMEL FOODS CORP /DE/ — Director's Dealing 2007

Aug 30, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORMEL FOODS CORP /DE/ (HRL)
CIK: 0000048465
Period of Report: 2007-08-28

Reporting Person: FERAGEN JODY H (Senior VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-28	Common Stock	M	5000	$26.09	Acquired	15376.325	Direct
2007-08-28	Common Stock	F	455	$36.13	Disposed	14921.325	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-28	Stock Options (Right to Buy)	$26.09	M	5000	Disposed	2012-01-17	Common Stock (5000)	Direct

Footnotes

F1: Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.

F2: The option vested in four equal annual installments, with the first group vesting on January 17, 2003.

F3: Reporting Person holds indirectly 1,837 shares in the 401(k), and 97 shares in the JEPST Trust.