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
Estate of Joe Frank Sanderson
P. O. Box 988
Laurel, MS 39441-0988
2. Issuer Name and Ticker or Trading
SAFM
3. IRS or Social Security Number of Reporting Person (Voluntary)
64-6213477
4. Statement for Month/Year
June 1998
5. If Amendment, DAte of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
10% Owner
<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. Owner- 7. Nature of
(Instr. 3) action action (A) or Disposed of Securities ship Indirect
Date Code (D) (Instr. 3, 4 Beneficially Form: Beneficial
(Month/ (Instr.8) and 5) Owned at Direct (d) Ownership
Day/ End of Month or Indirect (Instr. 4)
Year (Instr.3 or 4) (I) (Instr.4)
Code V Amount (A) or Price
(D)
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock, $1.00 par value
per share 6/1/98 P 10,000 A 11.750 3,269,654 D
Common Stock, $1.00 par value
per share 6/2/98 P 25,000 A 12.000 3,269,654 D
Common Stock, $1.00 par value
per share 6/3/98 P 7,500 A 12.000 3,269,654 D
Common Stock, $1.00 par value
per share 6/4/98 P 22,500 A 12.125 3,269,654 D
Common Stock, $1.00 par value
per share 88,731 I ESOP Allocation
</TABLE>
<PAGE>
<TABLE>
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls warrants options, convertible securities)
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1.Title 2.Conver- 3. Trans- 4.Transac- 5. Number of 6. Date 7.Title 8.Price 9.Number 10. Owner- 11. Nature of
of Deri- sion or action tion Code Derivative Exer- and of of ship Indirect
vative Exercise Date (Instr. 8) Securities and Amount Deriv- Deriv- Form Bene-
Security Price of (Month/ Acquired (A) Expir- of Under- ative ative of Deriv- ficial
(Instr.3) Derivative Day/ or Disposed ation lying Security Securities ative Owner-
Security Year) of (D) (Instr. Date Securities (Instr. Bene- Security: ship
3, 4 and 5) (Month/ (Instr. 5) ficially Direct(D) (Inst. 4)
Day/Year) 3 and 4) owned or Indirect
at End (I) (Instr.
of 4)
Month
(Instr.4)
- ------------------------------------------------------------------------------------------------------------------------------------
Amount
Code (V) (A) (D) Date Expir- or No.
Exer- ation of Shares
cisable Date
</TABLE>
Explanation of Responses:
/s/Joe F. Sanderson, Jr., Co-executor July 6, 1998
**Signaure of Reporting Person Date
