UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Smithfield Foods, Inc.
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(Name of Issuer)
Common Stock, $ .50 Par Value
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(Title of Class of Securities)
832248 10 8
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(CUSIP Number)
J. Troy Smith, Jr.
William R. Lathan, Jr.
Ward and Smith, P.A.
1001 College Court
New Bern, North Carolina 28562
(252) 633-1000
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
December 31, 1999
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(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SEC 1745(3-98)
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SCHEDULE 13G
CUSIP No. 832248 10 8 Page 2 of 4 Pages
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
James O. Matthews
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) [ ]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 1,797,362
OWNED BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON -0-
WITH
7 SOLE DISPOSITIVE POWER
1,797,362
8 SHARED DISPOSITIVE POWER
-0-
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,797,362
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [X]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
4.07%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
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Item 4 of the Reporting Person's Schedule 13G is amended to read as follows:
Item 4. Ownership.
The Reporting Person's separate beneficial ownership of Common Stock as
of December 31, 1999, is described below. Percentages are calculated based on
the Issuer's outstanding shares as of December 14, 1999, as reported in its
Report on Form 10-Q for the quarterly period ended October 31, 1999.
(a) Amount beneficially owned: 1,797,362
(b) Percent of class: 4.07%
(c) Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote: 1,797,362
(ii) Shared power to vote or to direct the vote: -0-
(iii) Sole power to dispose or to direct the disposition of: 1,797,362
(iv) Shared power to dispose or to direct the disposition of: -0-
At December 31, 1999, Carroll M. Baggett and Jeffrey S. Matthews owned
and had sole power to vote and dispose of 1,801,360 and 1,801,361 shares of
Common Stock, respectively. Therefore, to the extent that the Family Members
constitute a "group," the group would beneficially own an aggregate of 5,400,083
shares constituting 12.23% of the Issuer's outstanding shares of Common Stock as
of that date. The Reporting Person has no power (sole or shared) with respect to
the voting or disposition of the shares held by either of Carroll M. Baggett or
Jeffrey S. Matthews and, accordingly, disclaims beneficial ownership thereof.
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<PAGE>
Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Amendment Number 1 to Schedule
13G is true, complete and correct.
July 20, 2000 /s/ James O. Matthews
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James O. Matthews
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