0001209191-22-043163.txt : 20220726
0001209191-22-043163.hdr.sgml : 20220726
20220726102904
ACCESSION NUMBER: 0001209191-22-043163
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20211222
FILED AS OF DATE: 20220726
DATE AS OF CHANGE: 20220726
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COCKRELL D MICHAEL
CENTRAL INDEX KEY: 0001090139
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14977
FILM NUMBER: 221105225
MAIL ADDRESS:
STREET 1: C/O SANDERSON FARM
STREET 2: 225 N 13TH AVE
CITY: LAUREL
STATE: MS
ZIP: 39441-0998
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: SANDERSON FARMS INC
CENTRAL INDEX KEY: 0000812128
STANDARD INDUSTRIAL CLASSIFICATION: POULTRY SLAUGHTERING AND PROCESSING [2015]
IRS NUMBER: 640615843
STATE OF INCORPORATION: MS
FISCAL YEAR END: 1031
BUSINESS ADDRESS:
STREET 1: 225 N 13TH AVE
STREET 2: PO BOX 988
CITY: LAUREL
STATE: MS
ZIP: 39441
BUSINESS PHONE: 6016494030
MAIL ADDRESS:
STREET 1: 225 N 13TH AVENUE
STREET 2: PO BOX 988
CITY: LAUREL
STATE: MS
ZIP: 39441
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-12-22
1
0000812128
SANDERSON FARMS INC
SAFM
0001090139
COCKRELL D MICHAEL
127 FLYNT ROAD
LAUREL
MS
39443
1
1
0
0
Treasurer, CFO and CLO
Common Stock
2021-12-22
5
G
0
E
20250
0.00
D
82158
D
Common Stock
2022-07-22
4
M
0
7500
0.00
A
89658
D
Common Stock
2022-07-22
4
M
0
9000
0.00
A
98658
D
Common Stock
2022-07-22
4
D
0
98658
203.00
D
0
D
Common Stock
2022-07-22
4
D
0
3089.4006
203.00
D
0
I
Allocated to Reporting Person's Account in Issuer ESOP.
Performance Shares (2019)
2022-07-22
4
A
0
7500
0.00
A
Common Stock
7500
7500
D
Performance Shares (2019)
2022-07-22
4
M
0
7500
0.00
D
Common Stock
7500
0
D
Performance Shares (2020)
2022-07-22
4
A
0
9000
0.00
A
Common Stock
9000
9000
D
Performance Shares (2020)
2022-07-22
4
M
0
9000
0.00
D
Common Stock
9000
0
D
The reported transaction was a gift. Thus, there was no price.
Reflects allocations not reported on the Reporting Person's previous ownership report.
The performance shares were awarded on November 1, 2019 and November 1, 2020, respectively. The awards entitled the Reporting Person to a number of shares of common stock based on the Issuer's level of achievement of return on equity and return on sales targets over a two-year period ending October 31, 2021 and October 31, 2022, respectively. The awards were subject to an additional one-year service-based vesting period before the earned shares would be paid out.
Due to the pendency of the Agreement and Plan of Merger dated August 8, 2021 by and among the Issuer and the other parties thereto, the Issuer's Compensation Committee never determined whether the 2019 performance shares were earned based on the Issuer's actual performance. Moreover, the Reporting Person's employment agreement as amended on August 8, 2021 provided the performance shares would fully vest at the maximum possible level immediately prior to the effective time of the merger. The merger became effective on July 22, 2022, thereby entitling the Reporting Person to the number of shares shown in Table II.
/s/ Tim Rigney, Attorney-in-Fact
2022-07-25