HORMEL FOODS CORP

Ticker: HRL CUSIP: 440452100 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

Note: Option positions (PUT/CALL) are excluded.

Q1 2016

Shares 27,000 Value ($000) $1,167 Avg Close $32.77 Range $29.01 - $35.97

Q4 2015

Shares 19,356 Value ($000) $1,531 Avg Close $27.86 Range $24.36 - $31.66

Q3 2015

Shares 25,305 Value ($000) $1,602 Avg Close $23.38 Range $21.73 - $25.04

Q2 2015

Shares 27,333 Value ($000) $1,541 Avg Close $22.00 Range $21.05 - $23.07

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	27,000	$1,167	$32.77	$29.01 - $35.97
Q4 2015	19,356	$1,531	$27.86	$24.36 - $31.66
Q3 2015	25,305	$1,602	$23.38	$21.73 - $25.04
Q2 2015	27,333	$1,541	$22.00	$21.05 - $23.07