RIGNEY TIM (Controller/Secretary) exercised options at SANDERSON FARMS INC

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

M · 2 exercises

RIGNEY TIM

Filed: 7/26/2022ACC: 0001209191-22-043179

InsiderRIGNEY TIMCIK 1560893

→

IssuerSANDERSON FARMS INCCIK 812128

Officer· Controller/Secretary

Since Jun 2018

-14.56K

Net shares

Net seller

$3.80M

Total sold

Open market trades

0B · 0S

Total transactions

7.27K acquired · 21.83K disposed

Non-Derivative Transactions5

Common Stock

Direct

M · Option Exercise

+839.00

Price / share

—

Trade value

—

% of position

6.9%

7/22/2022

12.19K→13.03K

Common Stock

Direct

M · Option Exercise

+2.28K

Price / share

—

Trade value

—

% of position

17.5%

7/22/2022

13.03K→15.31K

Common Stock

Direct

D · Disposition

−15.31K

Price / share

$203.00

Trade value

$3.11M

% of position

New position

7/22/2022

15.31K→0.00

Common Stock

Indirect

D · Disposition

−33.08

Price / share

$203.00

Trade value

$6.72K

% of position

New position

7/22/2022

33.08→0.00

Common Stock

Indirect

D · Disposition

−3.36K

Price / share

$203.00

Trade value

$682.04K

% of position

New position

7/22/2022

3.36K→0.00

Total

Net shares

−15.58K

Net value

-$3.80M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	7/22/2022	M · Option Exercise	+839.00	—	—	6.9%	12.19K	13.03K
Common Stock Direct	7/22/2022	M · Option Exercise	+2.28K	—	—	17.5%	13.03K	15.31K
Common Stock Direct	7/22/2022	D · Disposition	−15.31K	$203.00	$3.11M	New position	15.31K	0.00
Common Stock Indirect	7/22/2022	D · Disposition	−33.08	$203.00	$6.72K	New position	33.08	0.00
Common Stock Indirect	7/22/2022	D · Disposition	−3.36K	$203.00	$682.04K	New position	3.36K	0.00
Total			−15.58K		-$3.80M

Derivative Transactions4

Performance Shares (2019)

Direct

A · Award

Converts to

Common Stock

839.00 shares

+1.50K

Strike price

Held after

1.50K

Exercisable

—

7/22/2022

Performance Shares (2019)

Direct

M · Option Exercise

Converts to

Common Stock

839.00 shares

−839.00

Strike price

Held after

661.00

Exercisable

—

7/22/2022

Performance Shares (2020)

Direct

A · Award

Converts to

Common Stock

2.28K shares

+2.65K

Strike price

Held after

2.65K

Exercisable

—

7/22/2022

Performance Shares (2020)

Direct

M · Option Exercise

Converts to

Common Stock

2.28K shares

−2.28K

Strike price

Held after

367.00

Exercisable

—

7/22/2022

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Performance Shares (2019) Direct	Common Stock839.00 shares	7/22/2022	A · Award	+1.50K	—	1.50K
Performance Shares (2019) Direct	Common Stock839.00 shares	7/22/2022	M · Option Exercise	−839.00	—	661.00
Performance Shares (2020) Direct	Common Stock2.28K shares	7/22/2022	A · Award	+2.65K	—	2.65K
Performance Shares (2020) Direct	Common Stock2.28K shares	7/22/2022	M · Option Exercise	−2.28K	—	367.00