SEC Form 4
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
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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*
BRESKY H HARRY

(Last) (First) (Middle)
822 BOYLSTON STREET
SUITE 301

(Street)
CHESTNUT HILL MA 02467

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SEABOARD CORP /DE/ [ SEB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
10/18/2005
4. 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 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
Common Stock 10/18/2005 J(1) 6,313.34 A $1,317.44(1) 904,844.24 I See footnote 2 below.(2)
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
Explanation of Responses:
1. On 10/18/05, Seaboard Flour LLC ("SFLLC") became entitled to receive 6,313.34 shares of Issuer pursuant to an "earn-out" provision in a reorganization agreement ("Agreement") dated 10/18/02, between Issuer and SFLLC (successor Seaboard Flour Corporation). The Agreement provides that SFLLC will periodically receive additional shares of Issuer, for no additional consideration, based on formula set forth in the Agreement. The 6,313.34 shares of common stock of Issuer ("Issuer's Shares") to which this Form 4 applies, were determined on 10/18/05 after completion of review provisions of the Agreement and is based on the per share closing price of Issuer's Shares on The American Stock Exchange for each of the regular trading sessions between 9/19/05 and 9/30/05. SFLLC's right to receive additional Issuer's Shares, including 6,313.34 shares to which this Form 4 applies, became fixed and irrevocable on 10/18/02, the effective date of the transactions contemplated pursuant to the Agreement.
2. Consists of 5,611 shares held directly by Reporting Perons ("RP"), 893,948.24 shares, including 6,313.34 shares relating to transaction reported on this Form, that RP may be deemed to beneficially own indirectly through SFLLC and 5,285 shares that RP may be deemed to beneficially own indirectly through RP's wife. Except for certain annuities from various trusts for the benefit of the RP's wife and/or issue (which trusts hold common units of SFLLC), RP disclaims beneficial ownership of securities held through SFLLC and this report shall not be deemed an admission that the RP is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or for any other purpose. The RP disclaims beneficial ownership of securities held through RP's wife, and this report shall not be deemed an admission that RP is the beneficial owner of such securities for purposes of Section 16 of the Exchange Act or for any other purpose.
/s/ H. H. Bresky 10/18/2005
** 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 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.