BUTTS LAMPKIN (President and COO) exercised options at SANDERSON FARMS INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

BUTTS LAMPKIN

Filed: 11/4/2019ACC: 0001209191-19-054977

InsiderBUTTS LAMPKINCIK 1090137

→

IssuerSANDERSON FARMS INCCIK 812128

DirectorOfficer· President and COO

Since Oct 2018

-7.22K

Net shares

Net seller

$1.14M

Total sold

Open market trades

0B · 0S

Total transactions

8.71K acquired · 15.93K disposed

Non-Derivative Transactions3

Common Stock

Direct

M · Option Exercise

+8.71K

Price / share

—

Trade value

—

% of position

8.0%

10/31/2019

108.71K→117.42K

Common Stock

Direct

F · Tax Withholding

−3.82K

Price / share

$154.81

Trade value

$591.99K

% of position

3.3%

10/31/2019

117.42K→113.59K

Common Stock

Direct

F · Tax Withholding

−3.40K

Price / share

$159.76

Trade value

$543.34K

% of position

3.0%

11/1/2019

113.59K→110.19K

Total

Net shares

+1.48K

Net value

-$1.14M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	10/31/2019	M · Option Exercise	+8.71K	—	—	8.0%	108.71K	117.42K
Common Stock Direct	10/31/2019	F · Tax Withholding	−3.82K	$154.81	$591.99K	3.3%	117.42K	113.59K
Common Stock Direct	11/1/2019	F · Tax Withholding	−3.40K	$159.76	$543.34K	3.0%	113.59K	110.19K
Total			+1.48K		-$1.14M

Derivative Transactions1

Performance Shares

Direct

M · Option Exercise

Converts to

Common Stock

8.71K shares

−8.71K

Strike price

Held after

0.00

Exercisable

—

10/31/2019

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Performance Shares Direct	Common Stock8.71K shares	10/31/2019	M · Option Exercise	−8.71K		—	0.00

Non-Derivative Holdings (Post-Transaction)1

Common Stock

Indirect

Shares owned9.45

Total

9.45 indirect9.45

Security Title	Shares Owned	Ownership Type
Common Stock	9.45	Indirect
Total	9.45	9.45 indirect

Derivative Holdings (Post-Transaction)0

No derivative holdings reported