Annual Statement of Changes in Beneficial Ownership (5)
March 27 2020 - 1:26PM
Edgar (US Regulatory)
[X]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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Form 3 Holdings Reported
[X]
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Lovette William W | 2. Issuer Name and Ticker or Trading SymbolPILGRIMS PRIDE CORP [PPC] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) CEO and President |
(Last)
(First)
(Middle)
1770 PROMONTORY CIRCLE | 3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY) 12/29/2019 |
(Street)
GREELEY, CO 80634
(City)
(State)
(Zip)
| 4. If Amendment, Date Original Filed(MM/DD/YYYY) | 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3) | 2. Trans. Date | 2A. Deemed Execution Date, if any | 3. Trans. Code (Instr. 8) | 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) |
Amount | (A) or (D) | Price |
Common Stock, par value $0.01 per share | 3/1/2018 | | A4 | 38236 (1) | A | $0 | 530464 | D | |
Common Stock, par value $0.01 per share | 2/13/2019 | | A4 | 29708 (2) | A | $0 | 560172 | D | |
Common Stock, par value $0.01 per share | 3/22/2019 | | S4 | 29708 (3) | D | $0 | 530464 | D | |
Common Stock, par value $0.01 per share | 3/22/2019 | | S4 | 25490 (3) | D | $0 | 504974 | D | |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (MM/DD/YYYY) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
(A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Represents restricted stock units vesting ratably over three years on 12/31/2018, 12/31/2019, and 12/31/2020. Each restricted stock unit represents a contingent right to receive one share of PPC common stock. |
(2) | Represents shares earned pursuant to performance-based restricted stock units on February 13, 2019 (the date that the compensation committee certified satisfaction of the underlying performance metrics), vesting ratably over three years on 12/31/2019, 12/31/2020, and 12/31/2021. Each restricted stock unit represents a contingent right to receive one share of PPC common stock. |
(3) | Represents forfeiture of unvested restricted stock units upon retirement of the reporting person, effective March 31, 2019. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Lovette William W 1770 PROMONTORY CIRCLE GREELEY, CO 80634 | X |
| CEO and President |
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Signatures
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/s/ William W. Lovette | | 3/26/2020 |
**Signature of Reporting Person | Date |
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