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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
SMITHFIELD FOODS INC [ SFD ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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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)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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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) | 307,022 | D | (2) | 3,101 | I | By limited liability company(1) | ||
Common Stock | 214,886 | 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) | |||||||||||||||
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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 AB Legacy, LLC, a Delaware limited liability company ("AB 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 AB LLC, which represent 99% of the reporting person's pecuniary interest in the shares held by AB LLC. At the time of the transfer, the shares held by AB LLC represented approximately 92% of the total assets held by AB LLC. The AB LLC Class B interests were transferred to a trust in exchange for a promissory note in the amount of $3,861,000. The reporting person retains all of the Class A limited liability company interests in AB 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 18,420 and 25,998 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, Wendy Murphy Crumpler, Joyce Murphy Minchew, Stratton K. Murphy and Marc D. Murphy 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. |