HORMEL FOODS CORP /DE/ — Director's Dealing 2017

Apr 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HORMEL FOODS CORP /DE/ (HRL)
CIK: 0000048465
Period of Report: 2017-03-31

Reporting Person: SMITH SALLY J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-31	Common Stock	A	1106.7	$34.63	Acquired	23769.195	Direct

Footnotes

F1: Each share of phantom stock is the equivalent of one share of common stock. The shares of phantom stock become payable in common stock in one lump sum, or in up to ten annual installments, at the election of the reporting person, on February 15 of the year following termination of service as a director, or such later date as is elected by the reporting person. In addition, the shares of phantom stock become payable in common stock in one lump sum immediately upon a director's separation from service within six months following a change of control (as defined in the Plan).

F2: Reflects additional phantom stock units received by the Reporting Person upon conversion of dividend equivalents from December 31, 2016 to the present.