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
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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*
WOLFORD RICHARD G

(Last) (First) (Middle)
DEL MONTE CORPORATION
ONE MARKET @ THE LANDMARK

(Street)
SAN FRANCISCO CA 94105

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DEL MONTE FOODS CO [ DLM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
COB, President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
03/08/2011
4. If Amendment, Date of 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
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, $0.01, Par Value 03/08/2011 D 786,748(1) D $19 0 D
Common Stock, $0.01, Par Value 03/08/2011 D 306,538 D $19 0 I Richard G. Wolford, Ttee Trust U/a March 19, 2003
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
Employee Stock Option (right To Purchase) $10.59 03/08/2011 D 881,000 (2) 09/22/2014 Common Stock, $0.01, Par Value 0 $8.41 0 D
Employee Stock Option (right To Purchase) $10.24 03/08/2011 D 276,400 (3) 09/29/2015 Common Stock, $0.01, Par Value 0 $8.76 0 D
Employee Stock Option (right To Purchase) $10.37 03/08/2011 D 643,500 (4) 09/21/2016 Common Stock, $0.01, Par Value 0 $8.63 0 D
Employee Stock Option (right To Purchase) $10.33 03/08/2011 D 609,500 (5) 09/27/2017 Common Stock, $0.01, Par Value 0 $8.67 0 D
Employee Stock Option (right To Purchase) $7.77 03/08/2011 D 372,950 (5) 09/25/2018 Common Stock, $0.01, Par Value 0 $11.23 0 D
Employee Stock Option (right To Purchase) $11.4 03/08/2011 D 712,500 (5) 09/24/2019 Common Stock, $0.01, Par Value 0 $7.6 0 D
Stock Option (right To Purchase) $12.64 03/08/2011 D 482,400 (5) 09/23/2020 Common Stock, $0.01, Par Value 0 $6.36 0 D
Performance Share $0 03/08/2011 D 869,700 (6) (7) Common Stock, $0.01, Par Value 0 $19 0 D
Explanation of Responses:
1. Includes 293,419 deferred stock units, 178,000 Performance Accelerated Restricted Stock Units (PARS) and 68,700 Restricted Stock Units (RSU). PARS and RSUs fully vested pursuant to the Agreement and Plan of Merger (Merger Agreement) among Blue Acquisition Group, Inc., Blue Merger Sub Inc. and Del Monte Foods Company, dated as of November 24, 2010.
2. This option vested in 4 equal installments on September 22, 2005, 2006, 2007 and 2008.
3. This option vested in 4 equal installments on September 29, 2006, 2007, 2008 and 2009.
4. This option vested in 4 equal installments on September 21, 2007, 2008, 2009 and 2010.
5. To the extend not previously vested, fully vested pursuant to the Agreement and Plan of Merger (Merger Agreement) among Blue Acquisition Group, Inc., Blue Merger Sub Inc. and Del Monte Foods Company, dated as of November 24, 2010.
6. Fully vested pursuant to the Agreement and Plan of Merger (Merger Agreement) among Blue Acquisition Group, Inc., Blue Merger Sub Inc. and Del Monte Foods Company, dated as of November 24, 2010.
7. Performance share units either vest or forfeit on their vesting date.
Remarks:
Stock, options and performance share units disposed of pursuant to the Agreement and Plan of Merger among Blue Acquisition Group, Inc., Blue Merger Sub Inc. and Del Monte Foods Company, dated as of November 24, 2010.
/s/ James Potter, signed pursuant to power of attorney 03/10/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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