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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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(h) of the Investment Company Act of 1940
|_| Check box if no longer subject to Section 16. Form 4 or Form 5 obligations
may continue. See Instruction 1(b).
|_| Form 3 Holdings Reported
|X| Form 4 Transactions Reported
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1. Name and Address of Reporting Person*
Butts Lampkin
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(Last) (First) (Middle)
P. O. Box 988
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(Street)
Laurel Mississippi 39441
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(City) (State) (Zip)
________________________________________________________________________________
2. Issuer Name and Ticker or Trading Symbol
Sanderson Farms, Inc. (SAFM)
________________________________________________________________________________
3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
October 31, 2002
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5. If Amendment, Date of Original (Month/Year)
________________________________________________________________________________
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
|X| Director |_| 10% Owner
|X| Officer (give title below) |_| Other (specify below)
Vice President - Sales
___________________________________________________________________
________________________________________________________________________________
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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5. 6.
4. Amount of Owner-
Securities Acquired (A) or Securities ship
2A. 3. Disposed of (D) Beneficially Form: 7.
2. Deemed Transaction (Instr. 3, 4 and 5) Owned Direct Nature of
Trans- Execution Code ------------------------------- at the End (D) or Indirect
1. action Date, if (Instr. 8) (A) of Issuer's Indirect Beneficial
Title of Security Date any ------------ or Fiscal Year (I) Ownership
(Instr. 3) (mm/dd/yy) (mm/dd/yy) Amount (D) Price (Instr. 3 & 4) (Instr.4) (Instr.4)
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Common Stock 1/09/02 M4 7,500 A $10.875
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Common Stock 1/09/02 S4 7,500 D $20.10
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Common Stock 2/28/02 M4 5,000 A $15.00
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Common Stock 2/28/02 S4 5,000 D $25.50
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Common Stock 7/02/02 M4 10,000 A $15.00
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Common Stock 7/02/02 S4 10,000 D $25.25
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Common Stock 7/09/02 M4 3,750 A $ 7.188
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Common Stock 7/09/02 M4 1,250 A $11.10 8,873.1454 D
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Custodian
Common Stock 80 I for Child
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ESOP
Common Stock 24,161 I Allocation
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Trustee
for
Common Stock 1,231,618 I ESOP(1)
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(1) 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 1,231,618 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.
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* If the form is filed by more than one reporting person, see instruction
4(b)(v).
FORM 5 (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
2. of of
Conver- 5. 7. Deriv- Deriv- 11.
sion Number of Title and Amount ative ative Nature
or Derivative 6. of Underlying 8. Secur- Secur- of
Exer- 3A. 4. Securities Date Securities Price ities ity: In-
cise Deemed Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Bene- Direct direct
Price 3. Execut- action or Disposed Expiration Date ---------------- Deriv- ficially (D) or Bene-
1. of Trans- ion Code of(D) (Month/Day/Year) Amount ative Owned In- ficial
Title of Deriv- action Date if (Instr. (Instr. 3, ---------------- or Secur- at End direct Owner-
Derivative ative Date any 8) 4 and 5) Date Expira- Number ity of Year (I) ship
Security Secur- (mm/dd/ (mm/dd/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity yy) yy) (A) (D) cisable Date Title Shares 5) 4) 4) 4)
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Employee
Stock
Option
(Right to Common
Buy) $10.875 7/25/96 A 7,500 7/25/97* 7/24/02 Stock 7,500 0 D
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Employee
Stock
Option
(Right to Common
Buy) $15.00 7/24/97 A 15,000 7/24/98* 7/23/07 Stock 15,000 0 D
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Employee
Stock
Option
(Right to Common
Buy) $13.00 4/23/98 A 15,000 4/23/99* 4/22/98 Stock 15,000 15,000 D
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Phantom
Stock Common
Rights $ 7.46875 4/22/00 A 18,000 4/22/01* 4/21/10 Stock 18,000 18,000 D
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Employee
Stock
Option
(Right to Common
Rights $ 7.188 5/01/00 A 7,500 5/01/01* 4/30/10 Stock 7,500 3,750 D
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Employee
Stock
Option
(Right to Common
Rights $ 7.188 7/09/02 M4 3,750 5/01/01* 4/30/10 Stock 3,750 3,750 D
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Employee
Stock
Option
(Right to Common
Buy) $11.10 4/27/01 A 7,500 4/27/02* 4/26/11 Stock 7,500 6,250 D
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Employee
Stock
Option
(Right to Common
Buy) $11.10 7/09/02 M4 1,250 4/27/02* 4/26/11 Stock 1,250 6,250 D
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Employee
Stock
Option
(Right to Common
Buy) $18.55 7/25/02 A 18,000 7/25/03* 7/24/12 Stock 18,000 18,000 D
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Explanation of Responses:
*25% of the options or rights vest on the date indicated, and an additional
25% vest each year thereafter until fully vested.
/s/Lampkin Butts January 17, 2003
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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.