Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PILGRIM LONNIE A
   2. Issuer Name and Ticker or Trading Symbol
PILGRIMS PRIDE CORP [PPC] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
110 SOUTH TEXAS STREET		 3. Date of Earliest Transaction (Month/Day/Year)
03/01/2012
(Street)

PITTSBURG, TX 75686		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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 03/01/2012   G V 839,940 D $ 0 14,939,707 I (1) By Pilgrim Interests, Ltd.
Common Stock 03/07/2012   X   174,868 (2) A $ 4.5 15,114,575 I (1) By Pilgrim Interests, Ltd.
Common Stock 03/07/2012   X   38,424 (2) A $ 4.5 3,505,727 D  
Common Stock 03/07/2012   X   1,212 (2) A $ 4.5 110,561 I (1) By Pilgrim Family Trust I
Common Stock 03/07/2012   X   1,212 (2) A $ 4.5 110,559 I (1) By Pilgrim Family Trust II
Common Stock 03/07/2012   X   910 (2) A $ 4.5 83,926 I (1) By PFCP, Ltd.
Common Stock 03/07/2012   X   35 (2) A $ 4.5 3,235 I (1) By UGMA
Common Stock               176.0085 I (1) By employee benefit trust

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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 Underlying Securities
(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 of Derivative Security: 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
Subscriptions Rights (right to buy) $ 4.5 03/07/2012   X     13,071,278 (2) 01/17/2012 03/07/2012 Common Stock, par value $0.01 per share 174,868 $ 0 0 I (2) By Pilgrim Interests, Ltd.
Subscriptions Rights (right to buy) $ 4.5 03/07/2012   X     2,872,186 (2) 01/17/2012 03/07/2012 Common Stock, par value $0.01 per share 38,424 $ 0 0 D  
Subscriptions Rights (right to buy) $ 4.5 03/07/2012   X     90,580 (2) 01/17/2012 03/07/2012 Common Stock, par value $0.01 per share 1,212 $ 0 0 I (2) By Pilgrim Family Trust I
Subscriptions Rights (right to buy) $ 4.5 03/07/2012   X     90,579 (2) 01/17/2012 03/07/2012 Common Stock, par value $0.01 per share 1,212 $ 0 0 I (2) By Pilgrim Family Trust II
Subscriptions Rights (right to buy) $ 4.5 03/07/2012   X     68,013 (2) 01/17/2012 03/07/2012 Common Stock, par value $0.01 per share 910 $ 0 0 I (2) By PFCP
Subscriptions Rights (right to buy) $ 4.5 03/07/2012   X     2,650 (2) 01/17/2012 03/07/2012 Common Stock, par value $0.01 per share 35 $ 0 0 I (2) By UGMA

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PILGRIM LONNIE A
110 SOUTH TEXAS STREET
PITTSBURG, TX 75686		   X      

Signatures

 /s/ Lonnie A. "Bo" Pilgrim   03/09/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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.
(2) As more particularly described in the Form 4 filed by Mr. Pilgrim with the United States Securities and Exchange Commission on March 2, 2012, Mr. Pilgrim exercised in full his basic subscription rights in the rights offering entitling him to purchase shares of Pilgrim's Pride Corporation ("PPC") common stock. Pursuant to the rights offering, Mr. Pilgrim also exercised his over-subscription privilege to acquire additional shares of PPC's common stock 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 were not purchased by PPC's stockholders as part of the basic subscription as of the expiration of the rights offering on February 29, 2012. Mr. Pilgrim acquired the shares of common stock of PPC listed, as determined by the transfer agent on March 7, 2012.

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