U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[_] Check box if no longer subject of Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
Butts Lampkin
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(Last) (First) (Middle)
Post Office Box 988
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(Street)
Laurel Mississippi 39441-0988
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
SAFM
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
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4. Statement for Month/Year
November 7, 2002
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
Vice President-Sales
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7. Individual or Joint/Group Filing (Check applicable line)
[X] Form filed by one Reporting Person
[_] Form filed by more than one Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A) of Month Indirect Beneficial
Title of Security Date ------------ Amount or Price (Instr. 3 (I) Ownership
(Instr. 3) (mm/dd/yy) Code V (D) and 4) (Instr.4) (Instr. 4)
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Common Stock, par value
$1.00 per share 3,873.1454 D (1)
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Common Stock, par value Custodian
$1.00 per share 80 I for Child
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Common Stock, par value ESOP
$1.00 per share 24,161 I Allocation
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Common Stock, par value Trustee*
$1.00 per share 11/7/02 P V 5,000 A $20.15 1,126,618 I for ESOP
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Explanation of Responses:
*Mr. Butts is one of three trustees of the Employee Stock Ownership Plan and
Trust of Sanderson Farms, Inc. and Affiliates ("ESOP"), which is the record
owner of 1,126,618 shares of common stock of the Company. As such, Mr. Butts, in
his capacity as a trustee of the ESOP, shares with the other trustees investment
power with respet to those shares of common stock and therefore is deemed to
beneficially own, under applicable regulations of the Securities and Exchange
Commission, the shares of common stock owned of record by the ESOP. Pursuant to
Rule 13d-4 of the Exchange Act, Mr. Butts disclaims beneficial ownership of the
common stock owned of record by the ESOP, except for the 24,161 shares allocated
to his personal account thereunder as a participant in the plan, over which
shares Mr. Butts exercises sole voting power, but shares with the other trustees
investment power with respect to such shares.
If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Print or Type Responses)
(Over)
(Form 4-07/99)
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Incentive Stock Common
Options $13.00 4/24/99* 4/23/08 Stock 15,000 D
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Common
$ 7.188 5/01/01* 5/01/10 Stock 7,500 D
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Common
$ 7.46875 4/21/01* 4/21/10 Stock 18,000 D
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Common
$11.10 4/28/02* 4/28/11 Stock 7,500 D
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Common
$18.55 7/25/03* 7/25/12 Stock 18,000 D
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Explanation of Responses:
*All reported option vest at 25% on the date indicated, and continue to vest at
25% on each anniversary date thereafter until fully vested
/s/Lampkin Butts November 7, 2002
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**Signature of Reporting Person Date
** 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 provided is insufficient, see Instruction 6 for procedure.