PILGRIM LONNIE A 4
4 · PILGRIMS PRIDE CORP · Filed Mar 14, 2012
Insider Transaction Report
Form 4
PILGRIM LONNIE A
DirectorSenior Chairman of the Board10% Owner
Transactions
- Sale
Common Stock
2012-03-12$5.69/sh−110,561$629,092→ 0 total(indirect: By Trust) - Sale
Common Stock
2012-03-12$5.69/sh−15,114,575$86,001,932→ 0 total(indirect: By Pilgrim Interests, Ltd.) - Sale
Common Stock
2012-03-12$5.69/sh−3,505,727$19,947,587→ 0 total - Sale
Common Stock
2012-03-12$5.69/sh−83,016$472,361→ 0 total(indirect: By PFCP, Ltd.) - Sale
Common Stock
2012-03-12$5.69/sh−110,559$629,081→ 0 total(indirect: By Trust)
Holdings
- 3,235(indirect: By UGMA)
Common Stock
- 176.009(indirect: By Trust)
Common Stock
Footnotes (2)
- [F1]On March 12, 2012, Mr. Pilgrim entered into a Stock Purchase Agreement among JBS USA Holdings, Inc. ("JBS USA"), Pilgrim Interests, Ltd., Mr. Pilgrim, the trustees of both Pilgrim Family Trust I and Pilgrim Family Trust II, and PFCP, Ltd. (collectively, the "Pilgrim Seller Parties") pursuant to which JBS USA will acquire an aggregate 18,924,438 shares of common stock of Pilgrim's Pride Corporation from the Pilgrim Seller Parties. The closing of the transaction is expected to occur on March 26, 2012.
- [F2]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.