SMITHFIELD FOODS INC — Director's Dealing 2012

Jun 15, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITHFIELD FOODS INC (SFD)
CIK: 0000091388
Period of Report: 2012-06-13

Reporting Person: MANLY ROBERT W (Executive Vice President & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-13	common stock, par value $.50	A	50356	$0.00	Acquired	327932	Direct
2012-06-14	common stock, par value $.50	A	125000	$0.00	Acquired	452932	Direct
2012-06-14	common stock, par value $.50	F	26375	$18.46	Disposed	426557	Direct

Footnotes

F1: Includes 25178 shares of restricted stock units (RSUs) the reporting person elected to receive on a deferred basis in lieu of a portion of his 2012 annual cash incentive award pursuant to the Company's Executive Stock Purchase Plan. Also includes 25178 RSUs representing the Company match on such deferral, subject to three year cliff-vesting.

F2: On June 14, 2011, the reporting person was granted 125000 performance share units (PSUs) under the Company's 2008 Incentive Compensation Plan. Each PSU represents a contingent right to receive one share of common stock. On June 14, 2012, the pre-established performance goal for this award was met and 50% of the PSUs vested immediately and were converted into common stock. The remaining PSUs will vest and convert on June 14, 2013.