X0306 4 2016-01-04 0 0000023217 CONAGRA FOODS INC /DE/ CAG 0001206253 BUTLER STEPHEN G C/O CONAGRA FOODS, INC. ONE CONAGRA DRIVE OMAHA NE 68102 1 0 0 0 Common Stock 2016-01-04 4 A 0 636 42.16 A 75512 D Represents the right to receive 636 shares based on the Reporting Person's deferral of director's fees into the stock account under the Issuer's Directors' Deferred Compensation Plan. Shares will be issued based on the Reporting Person's deferral election, and the Reporting Person may not transfer deferred amounts out of the stock account. Includes 166 shares acquired through a dividend equivalent reinvestment feature since the date of the Reporting Person's last report. /s/ Lyn Rhoten, attorney-in-fact 2016-01-06