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*
LOMMERIN NILS
(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)
Director 10% Owner
X Officer (give title below) Other (specify below)
COO
3. Date of Earliest Transaction (Month/Day/Year)
12/17/2010
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 12/17/2010 M 139,850 A $7.77 538,950 D
Common Stock, $0.01, Par Value 12/17/2010 M 125,000 A $8.78 663,950 D
Common Stock, $0.01, Par Value 12/17/2010 M 128,000 A $10.24 791,950 D
Common Stock, $0.01, Par Value 12/17/2010 M 112,500 A $10.33 904,450 D
Common Stock, $0.01, Par Value 12/17/2010 M 130,000 A $10.37 1,034,450 D
Common Stock, $0.01, Par Value 12/17/2010 M 200,000 A $10.59 1,234,450 D
Common Stock, $0.01, Par Value 12/17/2010 M 62,150 A $11.4 1,296,600 D
Common Stock, $0.01, Par Value 12/17/2010 S 907,310 D $18.75(1) 389,290(2) D
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) $7.77 12/17/2010 M 139,850 (3) 09/25/2018 Common Stock, $0.01, Par Value 139,850 $0 139,850 D
Employee Stock Option (right To Purchase) $8.78 12/17/2010 M 125,000 (4) 09/12/2013 Common Stock, $0.01, Par Value 125,000 $0 0 D
Employee Stock Option (right To Purchase) $10.24 12/17/2010 M 128,000 (5) 09/29/2015 Common Stock, $0.01, Par Value 128,000 $0 0 D
Employee Stock Option (right To Purchase) $10.33 12/17/2010 M 112,500 (6) 09/27/2017 Common Stock, $0.01, Par Value 112,500 $0 37,500 D
Employee Stock Option (right To Purchase) $10.37 12/17/2010 M 130,000 (7) 09/21/2016 Common Stock, $0.01, Par Value 130,000 $0 0 D
Employee Stock Option (right To Purchase) $10.59 12/17/2010 M 200,000 (8) 09/22/2014 Common Stock, $0.01, Par Value 200,000 $0 0 D
Employee Stock Option (right To Purchase) $11.4 12/17/2010 M 62,150 (9) 09/24/2019 Common Stock, $0.01, Par Value 62,150 $0 186,450 D
Explanation of Responses:
1. This transaction was executed in multiple trades at prices ranging from $18.73 to $18.77. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request by the SEC staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
2. Includes 298,989.78 deferred stock units, 64,500 Performance Accelerated Restricted Stock Units (PARS) and 25,800 Restricted Stock Units (RSUs).
3. This option vests in 4 equal installments on September 25, 2009, 2010, 2011 and 2012.
4. This option vested in 4 equal installments on September 12, 2004, 2005, 2006 an 2007.
5. This option vested in 4 equal installments on September 29, 2006, 2007, 2008 and 2009.
6. This option vests in 4 equal installments on September 27, 2008, 2009, 2010 and 2011.
7. This option vested in 4 equal installments on September 21, 2007, 2008, 2009 and 2010.
8. This option vested in 4 equal installments on September 22, 2005, 2006, 2007 and 2008.
9. This option vests in 4 equal installments on September 24, 2010, 2011, 2012 and 2013.
/s/ James Potter, signed pursuant to power of attorney 12/20/2010
** 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).
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