FORM 4 |
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 or Section 30(h) of the Investment Company Act of 1940 |
|
|||||||||||||||
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
|
2. Issuer Name and Ticker or Trading Symbol
TYSON FOODS INC [ (TSN) ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|
||||||||||||||||||||||||
3. Date of Earliest Transaction
(Month/Day/Year) 08/22/2006 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
|
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 | ||||||
Class A Common Stock | 08/18/2006 | G | V | 288,700 | D | $0 | 2,000,000 | D | ||
Class A Common Stock | 08/22/2006 | J(1) | 1,000,000 | A | $0 | 1,000,000 | I | By TLP Investment, L.P. | ||
Class A Common Stock | 08/22/2006 | J(2)(3)(4)(5) | 1,000,000 | D | (3)(4)(5) | 0 | I | By TLP Investment, L.P. | ||
Class A Common Stock | 08/22/2006 | J(1) | 1,000,000 | A | $0 | 1,000,000 | I | By TLPCRT, L.P. | ||
Class A Common Stock | 08/22/2006 | J(2)(3)(4)(5) | 1,000,000 | D | (3)(4)(5) | 0 | I | By TLPCRT, L.P. |
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 Securities Underlying Derivative Security (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: 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 | ||||||||
Contract to Sell | (3)(4)(5) | 08/22/2006 | 08/22/2006 | J(2)(3)(4) | 1 | 08/22/2006 | 08/22/2006 | Class B Common Stock(1)(2) | 1,000,000 | (3)(4)(5) | 3 | I | By TLP Investment, L.P. | ||
Contract to Sell | (3)(4)(5) | 08/22/2006 | 08/22/2006 | J(2)(3)(4) | 1 | 08/22/2006 | 08/22/2006 | Class B Common Stock(1)(2) | 1,000,000 | (3)(4)(5) | 2 | I | By TLPCRT, L.P. |
Explanation of Responses: |
1. In connection with the settlement of the Contracts (as defined below), each of TLPCRT, L.P and TLP Investment, L.P. (collectively the "Counterparties") (the Counterparties are limited partnerships for which the reporting person directly or indirectly holds all of the outstanding beneficial interest) converted 1,000,000 shares of Class B Common Stock subject to the Contracts to Class A Common Stock (on a one for one basis) in order to settle the Contracts in Class A Common Stock pursuant to the terms of the Contracts. |
2. On November 19, 2004, each of the Counterparties entered into a pre-paid variable equity forward contract (collectively the "Contracts") with an unaffiliated third party buyer (the "Buyer"). In exchange for a cash payment, each of the Counterparties pledged 1,000,000 shares of Class B Common Stock of Tyson Foods, Inc. (the "Company") and agreed to settle the Contracts with either a payment of cash or the delivery of up to 1,000,000 shares of the Company's Class A Common Stock (or Class B Common Stock immediately convertible into Class A Common Stock). The Counterparties chose to settle the Contracts through the delivery of shares. |
3. Under the terms of the Contracts, the Counterparties agreed to collectively deliver a number of shares of Class A Common Stock (or Class B Common Stock immediately convertible into Class A Common Stock) on the expiration date of the Contracts as follows: (i) if the Final Price (as defined below) is less than the Floor Price (as defined below), then 2,000,000 shares; (ii) if the Final Price is less than or equal to the Cap Price (as defined below), but greater than or equal to the Floor Price, then a number of shares equal to 2,000,000 times the Floor Price divided by the Final Price; or (iii) if the Final Price is greater than the Cap Price, then a number of shares equal to 2,000,000 multiplied by a fraction, the numerator of which is the sum of the Floor Price and the difference between the Final Price and the Cap Price, and the denominator of which is the Final Price. |
4. The Contract had a Floor Price equal to $16.6385/share and a Cap Price equal to $19.9662 /share, each based on an average market price of the Company's Class A Common Stock of $16.6385/share over a four trading day period ending on November 19, 2004. |
5. On the expiration date the Final Price was $14.56 (based on the closing price for the Company's Class A Common stock on August 22, 2006) which was less than the Floor Price, resulting in the reporting person delivering all 2,000,000 shares of the Company's Class A Common Stock to the Buyer. |
Remarks: |
By: /s/Harry C. Erwin, III, General Partner, on behalf of Tyson Limited Partnership | 08/24/2006 | |
** 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 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. | ||
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. |