0000100493-17-000162.txt : 20171121
0000100493-17-000162.hdr.sgml : 20171121
20171121164556
ACCESSION NUMBER: 0000100493-17-000162
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20170919
FILED AS OF DATE: 20171121
DATE AS OF CHANGE: 20171121
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Grimes Sally
CENTRAL INDEX KEY: 0001554533
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14704
FILM NUMBER: 171217398
MAIL ADDRESS:
STREET 1: 400 S. JEFFERSON STREET
CITY: CHICAGO
STATE: IL
ZIP: 60607
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TYSON FOODS INC
CENTRAL INDEX KEY: 0000100493
STANDARD INDUSTRIAL CLASSIFICATION: POULTRY SLAUGHTERING AND PROCESSING [2015]
IRS NUMBER: 710225165
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0929
BUSINESS ADDRESS:
STREET 1: 2200 DON TYSON PARKWAY
CITY: SPRINGDALE
STATE: AR
ZIP: 72762-6999
BUSINESS PHONE: 479-290-4000
MAIL ADDRESS:
STREET 1: P O BOX 2020
STREET 2: P O BOX 2020
CITY: SPRINGDALE
STATE: AR
ZIP: 72765-2020
4
1
wf-form4_151130074233673.xml
FORM 4
X0306
4
2017-09-19
0
0000100493
TYSON FOODS INC
TSN
0001554533
Grimes Sally
400 S. JEFFERSON STREET
CHICAGO
IL
60607
0
1
0
0
Group Pres Prepared Foods
Class A Common Stock
2017-09-19
4
J
0
1008.4063
0
A
71756.3223
D
Class A Common Stock
2017-11-16
4
J
0
1486.7685
0
A
4559.7427
I
Employee Stock Purchase Plan
Class A Common Stock
2017-11-17
4
M
0
21950.648
0
A
93706.9703
D
Class A Common Stock
2017-11-17
4
F
0
9584
0
D
84122.9703
D
Class A Common Stock
2017-11-17
4
F
0
2569
0
D
81553.9703
D
Class A Common Stock
2017-11-17
4
A
0
6412.723
0
A
87966.6933
D
Performance Shares
2017-11-17
4
M
0
24609
0
D
Class A Common Stock
24609.0
0
D
Non-Qualified Stock Options (Right to Buy)
77.97
2017-11-17
4
A
0
27428
77.97
A
2018-11-17
2027-11-17
Class A Common Stock
27428.0
27428
D
Performance Shares
2017-11-21
4
A
0
25650.892
A
Class A Common Stock
25650.892
25650.892
D
Represents shares of the Issuer's Class A Common Stock received by the Reporting Person pursuant to the Issuer's dividend reinvestment plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16a-11.
Includes 7,952.3386 shares of Class A Common Stock which vested as described in footnote 6; 47,814.9497 shares of Class A Common Stock which vest on July 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 8,634.783 shares of Class A Common Stock which vest on December 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; and 7,354.251 shares of Class A Common Stock which vest on November 18, 2019 if the performance metrics described in the applicable Stock Incentive Agreement are achieved.
Represents shares of the Issuer's Class A Common Stock purchased for the Reporting Person's account under the Issuer's Employee Stock Purchase Plan since the last Statement of Changes in Beneficial Ownership was filed by the Reporting Person. Such acquisitions are exempt from Section 16 concurrent reporting requirements pursuant to Rule 16b-3.
On November 21, 2014 the Reporting Person received a grant of 24,609 performance shares which vested (in whole or in part) or expired on November 17, 2017 subject to the achievement of performance criteria in the applicable Stock Incentive Agreement. The performance criteria were (a) a cumulative adjusted earnings before interest and taxes (EBIT) target of $8,704 million for the 2015-2017 fiscal years and (b) a favorable comparison of the Issuer's Class A common stock price relative to the stock prices of a predetermined peer group of publicly traded companies over the 2015-2017 fiscal years. The performance shares could vest at a level of 50%-200% and were previously reported as derivative securities at the 200% level. On November 17, 2017, 21,950.648 shares vested and are reported herein as acquired non-derivatives securities and 2,658.352 shares expired.
Pursuant to an election made by the Reporting Person, 9,584 shares were sold by the Reporting Person to the Issuer on November 17, 2017, to satisfy tax withholding obligations related to the vesting described in footnote 4.
On November 17, 2017, 7,952.3386 shares of restricted Class A Common Stock vested. These shares were previously reported as beneficially owned by the Reporting Person. Pursuant to an election made by the Reporting Person, 2,569 shares were sold by the Reporting Person to the Issuer on November 17, 2017, to satisfy tax withholding obligations.
Includes 47,814.9497 shares of Class A Common Stock which vest on July 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 8,634.783 shares of Class A Common Stock which vest on December 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; and 7,354.251 shares of Class A Common Stock which vest on November 18, 2019 if the performance metrics described in the applicable Stock Incentive Agreement are achieved.
Award of Class A Common Stock which vests on November 13, 2020 if the performance metric described in the applicable Stock Incentive Agreement (the Incentive Agreement) are achieved and the Reporting Person is employed by the Issuer on the vesting date. The performance metrics are achievement of a three year (fiscal 2018-2020) cumulative EBIT target as set forth in the Incentive Agreement. If the performance metric is not achieved, the award expires.
Includes 47,814.9497 shares of Class A Common Stock which vest on July 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 8,634.783 shares of Class A Common Stock which vest on December 1, 2018 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; 7,354.251 shares of Class A Common Stock which vest on November 18, 2019 if the performance metrics described in the applicable Stock Incentive Agreement are achieved; and 6,412.723 shares of Class A Common Stock which vest on November 13, 2020 if the performance metrics described in the applicable Stock Incentive Agreement are achieved.
The stock options vest at 33 1/3% on each of the first, second, and third anniversary dates of the grant.
Award of performance Class A Common Stock which vests on November 13, 2020 if the performance metrics described in the applicable Stock Incentive Agreement are achieved. The performance criteria set forth in the Stock Incentive Agreement are (1) achievement of a three year (fiscal 2018-2020) cumulative EBIT target and (2) a favorable comparison of the relative total shareholder return of the Issuer's Class A Common Stock compared to a predetermined peer group of publicly traded companies over a three year (fiscal 2018-2020 ) period. Subject to the achievement of the performance criteria, the performance shares could vest at a level of 50 percent to 200 percent and are reported as derivative securities at the 200 percent level. If neither of the performance criteria is achieved, the award expires.
/s/ R. Read Hudson by Power of Attorney for Sally Grimes
2017-11-21