SMITHFIELD FOODS INC — Director's Dealing 2012

Jan 5, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SMITHFIELD FOODS INC (SFD)
CIK: 0000091388
Period of Report: 2012-01-03

Reporting Person: GODWIN JERRY H (President of Murphy-Brown, LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-03	common stock, par value $.50	M	30000	$21.00	Acquired	67991	Direct
2012-01-03	common stock, par value $.50	M	10000	$13.30	Acquired	77991	Direct
2012-01-03	common stock, par value $.50	M	6666	$15.43	Acquired	84657	Direct
2012-01-03	common stock, par value $.50	S	46666	$24.41	Disposed	37991	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-03	Employee Stock Option (right to buy)	$21.00	M	30000	Disposed	2012-06-04	common stock (30000)	Direct
2012-01-03	Employee Stock Option (right to buy)	$13.30	M	10000	Disposed	2016-07-06	common stock (10000)	Direct
2012-01-03	Employee Stock Option (right to buy)	$15.43	M	6666	Disposed	2017-06-21	common stock (6666)	Direct

Footnotes

F1: The options vest ratably over three years beginning on July 6, 2010.

F2: The options vest ratably over three years beginning June 21, 2011.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.25 to $24.52, inclusive. The reporting person undertakes to provide to Smithfield Foods, Inc., any security holder of Smithfield Foods, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (3) to this Form 4.