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*
CRUMPLER WENDY M

(Last) (First) (Middle)
P.O. BOX 1087

(Street)
ROSE HILL NC 28458

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SMITHFIELD FOODS INC [ SFD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
07/21/2003
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 07/21/2003 J(2) 558,624 D (2) 5,643 I By limited liability company(1)
Common Stock 390,990 D(4)
Common Stock 208 I By limited liability company(3)
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. These shares are owned by Register Legacy, LLC, a Delaware limited liability company ("Register LLC"), which is wholly owned by the reporting person.
2. On July 21, 2003, the reporting person transferred 100% of the Class B limited liability company interests of Register LLC, which represent 99% of the reporting person's pecuniary interest in the shares held by Register LLC. At the time of the transfer, the shares held by Register LLC represented approximately 92% of the total assets held by Register LLC. The Register LLC Class B interests were transferred to a trust in exchange for a promissory note in the amount of $6,930,000. The reporting person retains all of the Class A limited liability company interests in Register LLC, which give the reporting person voting and dispositive power over the shares.
3. These shares are owned by MurFam Enterprises, LLC, a North Carolina limited liability company ("MurFam"), in which the reporting person owns a membership interest. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest in MurFam. This report shall not be deemed an admission for purposes of Section 16 or for any other purpose that the reporting person is the beneficial owner of the shares owned by MurFam other than those shares represented by the reporting person's pecuniary interest in MurFam.
4. The number of shares reported as directly beneficially owned on the Forms 4 for the dates June 19, 2003 and July 15, 2003 inadvertently did not include 33,516 and 47,303 shares, respectively, that were pledged pursuant to prepaid variable forward contracts entered into by the reported person as reported on those Forms 4.
Remarks:
The reporting person may be deemed to be a member of a "group" with Wendell H. Murphy, Wendell H. Murphy, Jr., Harry D. Murphy, Joyce Murphy Minchew, Stratton K. Murphy, Marc D. Murphy and Angela Norman Brown for purposes of Section 13(d) of the Exchange Act.
Sonia Barros (attorney-in-fact) 09/03/2003
** 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.