PILGRIMS PRIDE CORP — Director's Dealing 2012

Mar 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PILGRIMS PRIDE CORP (PPC)
CIK: 0000802481
Period of Report: 2012-03-01

Reporting Person: PILGRIM LONNIE A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	Common Stock	G	839940	—	Disposed	14939707	Indirect
2012-03-07	Common Stock	X	174868	$4.50	Acquired	15114575	Indirect
2012-03-07	Common Stock	X	38424	$4.50	Acquired	3505727	Direct
2012-03-07	Common Stock	X	1212	$4.50	Acquired	110561	Indirect
2012-03-07	Common Stock	X	1212	$4.50	Acquired	110559	Indirect
2012-03-07	Common Stock	X	910	$4.50	Acquired	83926	Indirect
2012-03-07	Common Stock	X	35	$4.50	Acquired	3235	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-07	Subscriptions Rights (right to buy)	$4.50	X	13071278	Disposed	2012-03-07	Common Stock, par value $0.01 per share (174868)	Indirect
2012-03-07	Subscriptions Rights (right to buy)	$4.50	X	2872186	Disposed	2012-03-07	Common Stock, par value $0.01 per share (38424)	Direct
2012-03-07	Subscriptions Rights (right to buy)	$4.50	X	90580	Disposed	2012-03-07	Common Stock, par value $0.01 per share (1212)	Indirect
2012-03-07	Subscriptions Rights (right to buy)	$4.50	X	90579	Disposed	2012-03-07	Common Stock, par value $0.01 per share (1212)	Indirect
2012-03-07	Subscriptions Rights (right to buy)	$4.50	X	68013	Disposed	2012-03-07	Common Stock, par value $0.01 per share (910)	Indirect
2012-03-07	Subscriptions Rights (right to buy)	$4.50	X	2650	Disposed	2012-03-07	Common Stock, par value $0.01 per share (35)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	176.0085	Indirect

Footnotes

F1: The number of shares beneficially owned by Lonnie A. "Bo" Pilgrim includes shares of common stock held by family trusts, employee benefit trust, family limited partnerships and wife. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F2: As more particularly described in the Form 4 filed by Mr. Pilgrim with the United States Securities and Exchange Commission on March 2, 2012, Mr. Pilgrim exercised in full his basic subscription rights in the rights offering entitling him to purchase shares of Pilgrim's Pride Corporation ("PPC") common stock. Pursuant to the rights offering, Mr. Pilgrim also exercised his over-subscription privilege to acquire additional shares of PPC's common stock on a pro rata basis based on the number of shares each over-subscribing stockholder purchased under the basic subscription privilege to the extent any shares offered in the rights offering were not purchased by PPC's stockholders as part of the basic subscription as of the expiration of the rights offering on February 29, 2012. Mr. Pilgrim acquired the shares of common stock of PPC listed, as determined by the transfer agent on March 7, 2012.