PILGRIMS PRIDE CORP — Director's Dealing 2010

Jan 21, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PILGRIMS PRIDE CORP (PPC)
CIK: 0000802481
Period of Report: 2010-01-18

Reporting Person: Batista Wesley Mendonca (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-18	Common Stock	J	2742805	—	Acquired	137140425	Indirect

Footnotes

F1: As more particularly described in the Statement on Schedule 13D (the "Schedule 13D") filed by JBS USA Holdings, Inc. ("JBS
USA") and the other reporting persons identified therein (including the Reporting Person listed above) with the United
States Securities and Exchange Commission (the "SEC") on January 7, 2010, the Amended and Restated Employment Agreement,
dated as of January 27, 2009, between Pilgrim's Pride Corporation ("PPC") and Don Jackson provides that 1,542,828 shares of
Old Common Stock (as defined in the Schedule 13D) will vest, effective as of December 27, 2009, in Don Jackson's favor in
the event that certain performance conditions set forth therein are determined to have been satisfied.

F2: On January 18, 2010, PPC determined that such performance conditions had been satisfied. Therefore, in accordance with the
terms of the Stock Purchase Agreement, dated as of September 16, 2009, as amended (the "Stock Purchase Agreement"), between
PPC and JBS USA, the number of shares of common stock of PPC ("Common Stock") acquired by JBS USA on December 28, 2009 (the
"Closing Date") was 137,140,425 (in lieu of the 134,397,620 shares of Common Stock previously reported on the Form 3 filed
by Wesley Mendonca Batista with the SEC on January 7, 2010).

F3: The shares of Common Stock were acquired for no consideration separate from the $800 million in cash paid by JBS USA to PPC
on the Closing Date pursuant to the Stock Purchase Agreement.

F4: As more particularly described in the Schedule 13D, Wesley Mendonca Batista, together with the other members of the Batista
Family (as defined in the Schedule 13D), indirectly control JBS USA.