Jackson Don 4
4 · PILGRIMS PRIDE CORP · Filed Mar 2, 2012
Insider Transaction Report
Form 4
Jackson Don
DirectorChief Executive Officer
Transactions
- Exercise of In-Money
Common Stock, par value $0.01 per share
2012-02-29$4.50/sh+576,083$2,592,374→ 3,356,402 total - Exercise of In-Money
Subscription Rights (right to buy)
2012-02-29−2,780,319→ 0 totalExercise: $4.50From: 2012-01-17Exp: 2012-02-29→ Common Stock, par value $0.01 per share (576,083 underlying)
Footnotes (1)
- [F1]The reporting person exercised in full their basic subscription rights (each subscription right entitling them 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.