0000100493-15-000129.txt : 20151202
0000100493-15-000129.hdr.sgml : 20151202
20151202141516
ACCESSION NUMBER: 0000100493-15-000129
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20151130
FILED AS OF DATE: 20151202
DATE AS OF CHANGE: 20151202
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Carper Howell P
CENTRAL INDEX KEY: 0001592292
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14704
FILM NUMBER: 151264313
MAIL ADDRESS:
STREET 1: 2200 DON TYSON PARKWAY
CITY: SPRINGDALE
STATE: AR
ZIP: 72762
4
1
wf-form4_144908370524939.xml
FORM 4
X0306
4
2015-11-30
0
0000100493
TYSON FOODS INC
TSN
0001592292
Carper Howell P
2200 DON TYSON PARKWAY
SPRINGDALE
AR
72762
0
1
0
0
EVP Strategy and New Ventures
Class A Common Stock
2015-11-30
4
M
0
22226.447
0
A
163081.3915
D
Class A Common Stock
2015-11-30
4
S
0
10859
50
D
152222.3915
D
Class A Common Stock
2015-11-30
4
A
0
8432.475
0
A
160654.8665
D
Class A Common Stock
5986.5086
I
Employee Stock Purchase Plan
Performance Shares
2015-11-30
4
M
0
23347
0
D
Class A Common Stock
23347.0
0
D
Performance Shares
2015-11-30
4
A
0
33729.90
A
Class A Common Stock
33729.9
33729.90
D
Non-Qualified Stock Options (Right to Buy)
50.0
2015-11-30
4
A
0
36759
50
A
2016-11-30
2025-11-30
Class A Common Stock
36759.0
36759
D
On November 26, 2012 the Reporting Person received a grant of performance shares which vested or expired on November 30, 2015 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 $3,844 million for the 2013-2015 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 2013-2015 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 30, 2015, 22,226.447 shares vested and are reported herein as acquired non-derivatives securities.
Includes 9,278.9249 shares of Class A Common Stock which vest on the fourth business day following the filing of the Issuer's Annual Report on Form 10-K for its 2016 fiscal year if the performance criterion described in the applicable Stock Incentive Agreement is achieved; and 7,766.0196 shares of Class A Common Stock which vest on the fourth business day following the filing of the Issuer's Annual Report on Form 10-K for its 2017 fiscal year if the performance criterion described in the applicable Stock Incentive Agreement is achieved.
Pursuant to an election made by the Reporting Person, these shares were sold by the Reporting Person to the Issuer on November 30, 2015, to satisfy tax withholding obligations related to the vesting described in footnote 2.
Award of Class A Common Stock which vests on the fourth business day following the filing of the Issuer's Annual Report on Form 10-K for its 2018 fiscal year if the performance criterion described in the applicable Stock Incentive Agreement is achieved. The performance criterion is achievement of a three year (fiscal 2016-2018) cumulative EBIT target as set forth in the Stock Incentive Agreement. If the performance criterion is not achieved, the award expires.
Award of performance Class A Common Stock which vests on the fourth business day following the filing of the Issuer's Annual Report on Form 10-K for its 2018 fiscal year 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 2016-2018) cumulative EBIT target and (2) a favorable comparison of the market price of the Issuer's Class A Common Stock to a predetermined peer group of publicly traded companies over a three year (fiscal 2016-2018) period. Subject to the achievement of the performance criteria, the performance shares could vest at a level of 50%-200% and are reported as derivative securities at the 200% level. If neither of the performance criteria is achieved, the award expires.
The stock options vest at 33 1/3% on each of the first, second, and third anniversary dates of the grant.
/s/ Howell P. Carper
2015-12-02