SEABOARD CORP /DE/ — Director's Dealing 2005

Oct 20, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SEABOARD CORP /DE/ (SEB)
CIK: 0000088121
Period of Report: 2005-10-18

Reporting Person: SEABOARD FLOUR LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-18	Common Stock	J	6313.34	$1317.44	Acquired	893948.24	Direct

Footnotes

F1: On 10/18/05, Reporting Person ("RP") became entitled to receive 6,313.34 shares of Issuer pursuant to an "earn-out" provision in a reorganization agreement ("Agreement") dated 10/18/02, between Issuer and RP (as successor to Seaboard Flour Corporation). The Agreement provides that RP will periodically receive additional shares of Issuer, for no additional consideration, based on a formula set forth in the Agreement. The 6,313.34 shares of common stock of Issuer ("Issuer's Shares") to which this Form 4 applies, were determined on 10/18/05 after completion of review provisions of the Agreement and is based on the per share closing price of Issuer's Shares on The American Stock Exchange for each of the regular trading sessions between 9/19/05 and 9/30/05. RP's right to receive additional Issuer's Shares, including 6,313.34 shares to which this Form 4 applies, became fixed and irrevocable 10/18/02, the effective date of the transactions contemplated pursuant to the Agreement.