PILGRIMS PRIDE CORP — Director's Dealing 2009

Dec 30, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PILGRIMS PRIDE CORP (PPC)
CIK: 0000802481
Period of Report: 2009-12-28

Reporting Person: Jackson Don (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-28	Common Stock	D	3085656	—	Disposed	0	Direct
2009-12-28	Common Stock	A	3085656	—	Acquired	3085656	Direct

Footnotes

F1: Pursuant to the joint plan of reorganization (the "Plan") of Pilgrim's Pride Corporation, a Delaware corporation (the "Company"), and its wholly-owned subsidiaries, PFS Distribution Company, PPC Transportation Company, To-Ricos, Ltd., To-Ricos Distribution, Ltd., Pilgrim's Pride Corporation of West Virginia, Inc., and PPC Marketing, Ltd.,which was approved by the United States Bankruptcy Court for the Northern District of Texas, Fort Worth Division, the common stock, par value $0.01 per share, of the Company, was cancelled upon the Company's emergence from bankruptcy on December 28, 2009 and converted into the right to receive the same number of shares of common stock the Company issued pursuant to the Plan.

F2: One half of the shares is subject to forfeiture in the event specified performance vesting conditions are not met.