Pierre M Lilly Form 3 HORMEL FOODS / Pierre M Lilly ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Lilly Pierre M

(Last) (First) (Middle)

1 HORMEL PLACE

(Street)

AUSTIN MN 55912

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/30/2020

3. Issuer Name and Ticker or Trading Symbol
HORMEL FOODS CORP /DE/ [ HRL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP & Chief Compliance Officer

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

6. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,835.866	D
Common Stock	2,318.761	I	401(k) Plan
Common Stock	700	I	Spouse 401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	(1)	12/06/2026	Common Stock	4,500	33.31	D
Stock Options (Right to Buy)	(2)	12/05/2027	Common Stock	5,100	37.1	D
Stock Options (Right to Buy)	(3)	12/04/2028	Common Stock	8,200	44.91	D
Stock Options (Right to Buy)	(4)	12/03/2029	Common Stock	5,200	45.54	D
Stock Options (Right to Buy)	04/30/2023	04/30/2028	Common Stock	100	36.25	I	Spouse USO

Explanation of Responses:

1. The option vests in four equal annual installments, with the first group vesting on December 6, 2017.

2. The option vests in four equal annual installments, with the first group vesting on December 5, 2018.

3. The option vests in four equal annual installments, with the first group vesting on December 4, 2019.

4. The option vests in four equal annual installments, with the first group vesting on December 3, 2020.

Remarks:

Exhibit List Exhibit 24-Power of Attorney

	Pierre M. Lilly, by Power of Attorney	10/30/2020
	** Signature of Reporting Person	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 5 (b)(v).
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