4//SEC Filing
PILGRIM LONNIE A 4
Accession 0001181431-12-013782
CIK 0000802481other
Filed
Mar 1, 7:00 PM ET
Accepted
Mar 2, 3:24 PM ET
Size
31.6 KB
Accession
0001181431-12-013782
Insider Transaction Report
Form 4
PILGRIM LONNIE A
DirectorSenior Chairman of the Board10% Owner
Transactions
- Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−90,580→ 0 total(indirect: By Trust)Exercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (18,769 underlying) - Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−2,650→ 0 total(indirect: By UGMA)Exercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (550 underlying) - Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−90,579→ 0 total(indirect: By Trust)Exercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (18,768 underlying) - Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−145.009→ 0 total(indirect: By Trust)Exercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (31 underlying) - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+595,117$2,678,027→ 3,467,303 total - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+14,093$63,419→ 82,106 total(indirect: By PFCP, Ltd.) - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+31$140→ 176.009 total(indirect: By Trust) - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+18,769$84,461→ 109,349 total(indirect: By Trust) - Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−13,071,278→ 0 total(indirect: By Pilgrim Interests, Ltd.)Exercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (2,708,369 underlying) - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+2,708,369$12,187,661→ 15,779,647 total(indirect: By Pilgrim Interests, Ltd.) - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+18,768$84,456→ 109,347 total(indirect: By Trust) - Exercise of In-Money
Common Stock
2012-02-29$4.50/sh+550$2,475→ 3,200 total(indirect: By UGMA) - Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−2,872,186→ 0 totalExercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (595,117 underlying) - Exercise of In-Money
Subscriptions Rights (right to buy)
2012-02-29−68,013→ 0 total(indirect: By PFCP)Exercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (14,093 underlying)
Footnotes (4)
- [F1]The reporting person exercised in full his basic subscription right (each subscription right entitling him to purchase 0.2072 shares of Pilgrim's Pride Corporation ("PPC") common stock, par value $0.01 per share, at a subscription price equal to $4.50 per share), issued pro rata to holders of PPC common stock on the January 17, 2012 record date for the rights offering, under the basic subscription privilege in the rights offering. The reporting person will acquire these shares of common stock when issued by PPC at the closing of the rights offering. (Continued to Footnote 2)
- [F2]Pursuant to the rights offering, the reporting person has exercised his over-subscription rights and will acquire additional shares of PPC's common stock in the rights offering 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 are not purchased by PPC's stockholders as part of the basic subscription as of the expiration of the rights offering. Any such additional shares (once determined) will be reported by the reporting person on a subsequent Form 4.
- [F3]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.
- [F4]The number of shares owned by the reporting person through the employee benefit plan was inadvertently incorrectly reported in previous filings. Certain exempt transactions pursuant to Rule 16b-3(c) were not reflected in those filings. The accurate number of shares of common stock owned by the reporting through the employee benefit plan as of the date of this filing is reported herein.
Documents
Issuer
PILGRIMS PRIDE CORP
CIK 0000802481
Entity typeother
Related Parties
1- filerCIK 0001256662
Filing Metadata
- Form type
- 4
- Filed
- Mar 1, 7:00 PM ET
- Accepted
- Mar 2, 3:24 PM ET
- Size
- 31.6 KB