FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Files purusant 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
1. Name and Address of Reporting Person
Sanderson, Jr. Joe F.
P. O. Box 988
Laurel, MS 39441-0988
2. Issuer Name and Ticker or Trading Symbol
SAFM
3. IRS or Social Security Number of
Reporting Person (Voluntary)
###-##-####
4. Statement for Month/Year
June 1998
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting person to Issuer
Director, 10% Owner & Chairman of the Board, CEO & President
<TABLE>
TABLE I. Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Ownership 7. Nature of
(Instr. 3) action action (A) or Disposed of Securities Form: Direct Indirect
Date Code (D) (Instr. 3,4 and 5) Beneficially (D) or Indirect Beneficial
Month/ (Instr.8) Owned at (I) (Instr.4) Ownership
Day/ End of Month (Instr. 4)
Year
Code V Amount (A) or Price
(D)
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, par value
$1.00 per share 6/01/98 P 10,000 A 11.750 3,358,385 I (1)
Common Stock, par value
$1.00 per share 6/02/98 p 25,000 A 12.000 3,358,385 I (1)
Common Stock, par value
$1.00 per share 6/03/98 P 7,500 A 12.000 3,358,385 I (1)
Common Stock, par value
$1.00 per share 6/04/98 P 2,500 A 12.125 3,358,385 I (1)
Common Stock, par value
$1.00 per share 61,136 D Owner of Record
Common Stock, par value
$1.00 per share 43,656 I (2)
Common Stock, par value
$1.00 per share 6,539 By Spouse
Common Stock, par value
$1.00 per share 58,393 (3)
(1) As co-executor of the Estate of Joe Frank
Sanderson. Joe Sanderson, Jr. was appointed
and qualified as a co-executor of the Estate of
Joe Frank Sanderson on 1/21/98.
(2) Allocated to the account of Joe F.
Sanderson , Jr. in the Company's ESOP.
(3) By private charitable foundation of which
Joe F. Sanderson, Jr. is a director.
</TABLE>
<TABLE>
Table II- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls warrants options, convertible securities)
1. Title 2. Conver- 3.Trans- 4.Transac- 5. Number of 6. Date 7.Title 8.Price 9.Number 10. Owner- 11 Nature
of Deri- sion or action tion Code Derivative Exer- and of of ship of
vative Exercise Date (Instr. 8) Securities and Amount Deriv- Deriv- Form Indirect
Security Price of (Month/ Acquired (A) Expir- of Under- ative ative of Deriv- Bene-
(Instr. 3) Derivative Day/ or Disposed ation lying Security Securities ative ficial
Security Year) of (D) (Instr. Date Securities (Instr. Bene- Security: Owner-
3, 4 and 5) (Month/ (Instr. 3 5) ficially Direct (D) ship
Day/Year) and 4) owned or (Instr.
at End Indirect 4)
of Month (I) (Instr.
(Inst. 4) 4)
Code V (A)(D) Date Expira- Title Amount
Exer- tion or No. of
cisable Date Shares
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Incentive Stock
Options 7/24/97 (1) 7/24/07 Common 60,000 60,000 D
Stock
Incentive Stock
Options 13.00 6/18/98 A 60,000 (2) 4/23/08 Common 60,000 60,000 D
Stock
</TABLE>
Explanation of Responses:
(1) Exercisable for 10-year period, vesting begins at 25% on 7/24/98, the end of
the first year, and continues at 25% per year.
(2) Exercisable for 10-year period, vesting begins at 25% on 4/23/99,
the end of the first year, and continues at 25% per year.
/s/Joe F. Sanderson, Jr. July 6, 1998
Signaure of Reporting Person Date
