HORMEL FOODS CORP /DE/ — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORMEL FOODS CORP /DE/ (HRL)
CIK: 0000048465
Period of Report: 2012-07-02

Reporting Person: BROSS RICHARD A (Group Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-02	Common Stock	M	84000	$16.37	Acquired	199635	Direct
2012-07-02	Common Stock	F	45203	$30.42	Disposed	154432	Direct
2012-07-02	Common Stock	F	17188	$30.42	Disposed	137244	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-02	Stock Options (Right to Buy)	$16.37	M	84000	Disposed	2015-12-06	Common Stock (84000)	Direct

Footnotes

F1: All share amounts reflect the stock split effective February 1, 2011.

F2: Reporting Person holds indirectly 19,330.4 shares in the 401(k), and 23,328 shares in the JEPST Trust. In addition, 37,732 shares are held by his spouse, on which beneficial ownership is disclaimed.

F3: Reporting Person has exercised Stock Withholding Rights in connection with this option exercise, as reflected on Table I.

F4: The option vested in four equal annual installments, with the first group vesting on December 6, 2006.