SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* JBS USA Holdings, Inc. (Last) (First) (Middle) 1770 PROMONTORY CIRCLE (Street) GREELEY CO 80634 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol PILGRIMS PRIDE CORP [ PPC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 01/18/2010
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/18/2010(1)(2)		J(1)(2)		2,742,805	A	(3)	137,140,425	D(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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 Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* JBS USA Holdings, Inc. (Last) (First) (Middle) 1770 PROMONTORY CIRCLE (Street) GREELEY CO 80634 (City) (State) (Zip)

1. Name and Address of Reporting Person* VVMB Participacoes LTDA. (Last) (First) (Middle) AV. BRIGADEIRO FERIA LIMA, 2391 2 ANDAR CONJUNTO 22, SALA 2 (Street) SAO PAULO D5 01452-000 (City) (State) (Zip)

1. Name and Address of Reporting Person* ZMF Participaoes LTDA. (Last) (First) (Middle) AV. MARGINAL DIREITA DO TIETE 500 VILA JAGUARA (Street) SAO PAULO D5 05118-100 (City) (State) (Zip)

1. Name and Address of Reporting Person* WWMB Participacoes LTDA. (Last) (First) (Middle) AV. BRIGADEIRO FERIA LIMA, 2391 2 ANDAR CONJUNTO 22, SALA 2 (Street) SAO PAULO D5 01452-000 (City) (State) (Zip)

1. Name and Address of Reporting Person* ZMF Fundo de Investimento em Participaoes (Last) (First) (Middle) AV. MARGINAL DIREITA DO TIETE 500 VILA JAGUARA (Street) SAO PAULO D5 05118-100 (City) (State) (Zip)

1. Name and Address of Reporting Person* J&F Participacoes S.A. (Last) (First) (Middle) AV. BRIGADEIRO FERIA LIMA, 2391 2 ANDAR CONJUNTO 22, SALA 2 (Street) SAO PAULO D5 01452-000 (City) (State) (Zip)

1. Name and Address of Reporting Person* JBS S.A. (Last) (First) (Middle) AV. BRIGADEIRO FERIA LIMA, 2391 2 ANDAR CONJUNTO 22, SALA 2 (Street) SAO PAULO D5 01452-000 (City) (State) (Zip)

1. Name and Address of Reporting Person* JBS Global A/S (Last) (First) (Middle) DAMPFAERGEVEJ 3 2 2100 KBF O (Street) G7 (City) (State) (Zip)

1. Name and Address of Reporting Person* JBS Hungary Holdings KFT (Last) (First) (Middle) VARKONYI UTCA 15 (Street) SZOMBATHELY K5 H-9700 (City) (State) (Zip)

1. Name and Address of Reporting Person* Sobrinho Jose Batista (Last) (First) (Middle) AV. BRIGADEIRO FERIA LIMA, 2391 2 ANDAR CONJUNTO 22, SALA 2 (Street) SAO PAULO D5 01452-000 (City) (State) (Zip)

Explanation of Responses:

1. 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 Owners listed above) (the "13D Reporting Persons") 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.

2. 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 the Reporting Owners listed above with the SEC on January 7, 2010).

3. 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.

4. As more particularly described in the Schedule 13D, the Reporting Owners listed above, together with the other 13D Reporting Persons, share beneficial ownership of the 137,140,425 shares of Common Stock directly owned by JBS USA. The ownership of all of the Reporting Owners listed above, other than JBS USA, is indirect.

Remarks:

The Form is the first of two being filed by JBS USA. Two Forms are being filed as there are more than ten joint filers. Filers on the second of the two Forms are: VVMB Participacoes LTDA., WWMB Participacoes LTDA., ZMF Participacoes LTDA., J&F Participacoes S.A., ZMF Fundo De Investimento em Participacoes, JBS S.A., JBS Global A/S, JBS Hungary Holdings KFT., and JBS USA.

	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of VVMB Participacoes LTDA.)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of WWMB Participacoes LTDA.)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of ZMF Participacoes LTDA.)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of J&F Participacoes S.A.)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of ZMF Fundo De Investimento em Participacoes)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of JBS S.A.)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of JBS Global A/S)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of JBS Hungary Holdings KFT.)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of Jose Batista Sobrinho)	01/20/2010
	/s/ Christopher Gaddis, by power of attorney (Signature on behalf of JBS USA Holdings, Inc.)	01/20/2010
	** Signature of Reporting Person	Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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