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*
Lovette William W

(Last) (First) (Middle)
697 LAURAL RIDGE

(Street)
SPRINGDALE AR 72764

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
10/07/2005
3. Issuer Name and Ticker or Trading Symbol
TYSON FOODS INC [ (TSN) ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr Group VP Pltry & Prep Fds
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)
Class A Common Stock 148,363(1) D
Class A Common Stock 991 I By ESPP
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
Performance Shares (2)(3) (3) Class A Common Stock 24,930 (4) D
Performance Shares (5) (5) Class A Common Stock 22,796 (4) D
Non-Qualified Stock Option (right to buy) (6) 03/10/2006 Class A Common Stock 30,000 $14.58 D
Non-Qualified Stock Option (right to buy) (7) 10/03/2006 Class A Common Stock 30,000 $17.91 D
Non-Qualified Stock Option (right to buy) 03/29/2003(8) 03/29/2011 Class A Common Stock 37,500 $11.5 D
Non-Qualified Stock Option (right to buy) 10/15/2003(9) 10/15/2011 Class A Common Stock 9,000 $9.32 D
Non Qualified Stock Option (right to buy) 10/10/2004(10) 10/10/2012 Class A Common Stock 9,000 $9.64 D
Non-Qualified Stock Option (right to buy) 09/19/2005(11) 09/19/2013 Class A Common Stock 6,000 $13.33 D
Explanation of Responses:
1. Mr. Lovette directly holds 10,565 shares of common stock and 137,798 shares of restricted common stock.
2. The awards were effective October 3, 2005, the date the Company priced and determined to offer the filer their new employment contract and the awards. The award agreements were delivered to the filer on October 7, 2005, the date the filer signed their new employment agreement with the Company.
3. The award vests two business days following the Company's public announcement of its earnings for the second quarter of 2008 fiscal year. One half of the award is based upon a comparison of the market price of Tyson's Class A Common Stock to a peer group of publicly traded companies and the other half by the achievement of the Company of certain cash flow measures.
4. Each Performance Share that vests entitles holder to 1 share of Class A Common Stock. The number expressed above is the maximum number of shares that can vest under the grant.
5. The award vests two business days following the Company's public announcement of its earnings for the 2007 fiscal year based upon a comparison of the market price of Tyson's Class A Common Stock to a peer group of publicly traded companies and the achievement by the Company of certain return on invested capital measures.
6. The stock options become exercisable in five equal annual installments, commencing three years after date of grant 3/12/96.
7. The Stock Options become exercisable in five equal annual installments commencing three years after the date of grant 10/3/96.
8. The Stock Options become exercisable in four equal annual installments, commencing two years after the date of grant, 03-29-01.
9. The stock options vest at 40% on 10-15-03 and 20% each year thereafter for 3 years.
10. The Stock Options vest at 40% on 10-10-04 and 20% each year thereafter for 3 years.
11. This Stock Options vest at 40% on 9-19-05 and 20% each year thereafter for three (3) years.
Remarks:
/s/ Lovette, William W 10/11/2005
** 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).
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.