FORM 4

 o Check this box if no longer subject to Section 16.  Form 4 or Form 5 obligations may continue.
See Instruction 1(b).

(Print or Type Responses)

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the
Investment Company Act of 1940

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 1. Name and Address of Reporting Person *



Reetz,    Douglas    R

(Last)            (First)              (Middle)


1 Hormel Place

(Street)


Austin, MN   55912

(City)       (State)          (Zip)

 

 2. Issuer Name and Ticker
    or Trading Symbol

Hormel Foods Corporation   HRL

 



 3. I.R.S. Identification
    Number of Reporting
    Person, if an entity
    (voluntary)



 4. Statement for
 (Month/Day/Year)

December,  2002





 5. If Amendment, Date of
   Original (Month/Day/Year)

  / 

 6. Relationship of Reporting Person(s) to Issuer

     (Check all applicable)

      Director

 

      10% Owner

 

   X   Officer (give title below)

 

      Other (specify below)

Vice President  

 


 7. Individual or Joint/Group
     Filing (Check Applicable Line)

   X   Form filed by One Reporting Person

      Form filed by More than One Reporting Person

 

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

 

1. Title of Security
(Instr. 3)

2. Transaction Date (Month/Day/
Year)

2A. Deemed Execution Date, if any (Month/Day/
Year)

3. Transaction Code
(Instr. 8)

4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)

6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)

7. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

Amount

(A) or (D)

Price

Common Stock

 

 

 

 

 

 

 

7,236

D

 

Common Stock

 

 

 

 

 

 

 

339

I

Founders Fund

Common Stock

 

 

 

 

 

 

 

3,818

I

401(k) Trust

Common Stock

 

 

 

 

 

 

 

12,439

I

JEPST Trust

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

 

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date
(Month/Day/
Year)

3A. Deemed Execution Date, if any (Month/Day/
Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Securities: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

V

(A)

(D)

Date
Exercisable

Expiration
Date

Title

Amount or Number of Shares

Stock Options (Right to Buy)

$22.35

12-2-02

 

A

 

10,000

 

(1)

12-2-12

Common Stock

10,000

$22.35

10,000

D

 

Stock Options (Right to Buy)

$11.75

 

 

 

 

 

 

 

1-13-03

 

 

 

11,000

D

 

Stock Options (Right to Buy)

$10.25

 

 

 

 

 

 

 

1-25-04

 

 

 

4,500

D

 

Stock Options (Right to Buy)

$12.375

 

 

 

 

 

 

 

1-11-05

 

 

 

12,000

D

 

Stock Options (Right to Buy)

$11.9375

 

 

 

 

 

 

 

11-21-05

 

 

 

20,000

D

 

Stock Options (Right to Buy)

$14.65625

 

 

 

 

 

 

 

12-18-07

 

 

 

14,000

D

 

Stock Options (Right to Buy)

$15.90625

 

 

 

 

 

 

 

12-23-08

 

 

 

14,000

D

 

Stock Options (Right to Buy)

$19.25

 

 

 

 

 

 

 

1-26-10

 

 

 

10,000

D

 

Stock Options (Right to Buy)

$17.6875

 

 

 

 

 

 

 

12-6-10

 

 

 

10,000

D

 

Stock Options (Right to Buy)

$26.09

 

 

 

 

 

 

 

1-17-12

 

 

 

10,000

D

 

 

 

 Explanation of Responses:

 (1) The option vests 25% on 12-2-03 and 25% each year thereafter.

 

 

 

 

/s/  Douglas R. Reetz

** Signature of Reporting Person

12/04/2002

Date

 

 

 

 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

 

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
      See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

 

Note:   File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

 

 

http://www.sec.gov/divisions/corpfin/forms/form4.htm

Last update: 09/05/2002