4//SEC Filing
Batista Wesley Mendonca 4
Accession 0000947871-10-000054
CIK 0000802481other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 6:46 AM ET
Size
6.9 KB
Accession
0000947871-10-000054
Insider Transaction Report
Form 4
Batista Wesley Mendonca
Director10% Owner
Transactions
- Other
Common Stock
2010-01-18+2,742,805→ 137,140,425 total(indirect: By JBS USA Holdings, Inc.)
Footnotes (4)
- [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.
Documents
Issuer
PILGRIMS PRIDE CORP
CIK 0000802481
Entity typeother
Related Parties
1- filerCIK 0001479450
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 6:46 AM ET
- Size
- 6.9 KB