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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

BODNER LARRY E 		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)
EVP, Finance
(Last)          (First)          (Middle)

PO BOX 193575 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/22/2010
(Street)

SAN FRANCISCO, CA 94119
(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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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)
Code V Amount (A) or (D) Price
Common Stock, $0.01, Par Value   12/22/2010     M    50000   A $7.77   125670   D    
Common Stock, $0.01, Par Value   12/22/2010     M    30000   A $10.24   155670   D    
Common Stock, $0.01, Par Value   12/22/2010     M    42525   A $10.33   198195   D    
Common Stock, $0.01, Par Value   12/22/2010     M    35000   A $10.37   233195   D    
Common Stock, $0.01, Par Value   12/22/2010     M    22775   A $11.40   255970   D    
Common Stock, $0.01, Par Value   12/22/2010     S    180300   D $18.75   (1) 75670   (2) D    
Common Stock, $0.01, Par Value                  6298   (3) I   401(k)  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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 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 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
Employee Stock Option (right To Purchase)   $7.77   12/22/2010     M         50000      (4) 9/25/2018   Common Stock, $0.01, Par Value   50000   $0   50000   D    
Employee Stock Option (right To Purchase)   $10.24   12/22/2010     M         30000      (4) 9/29/2015   Common Stock, $0.01, Par Value   30000   $0   0   D    
Employee Stock Option (right To Purchase)   $10.33   12/22/2010     M         42525      (4) 9/27/2017   Common Stock, $0.01, Par Value   42525   $0   14175   D    
Employee Stock Option (right To Purchase)   $10.37   12/22/2010     M         35000      (4) 9/21/2016   Common Stock, $0.01, Par Value   35000   $0   0   D    
Employee Stock Option (right To Purchase)   $11.40   12/22/2010     M         22775      (4) 9/24/2019   Common Stock, $0.01, Par Value   22775   $0   68325   D    

Explanation of Responses:
( 1)  This transaction was executed in multiple trades at prices ranging from $18.75 to $18.755. 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 8,667.55 deferred stock units, 23,300 Performance Accelerated Restricted Stock Units (PARS) and 11,200 Restricted Stock Units (RSU).
( 3)  Reflects the reporting person's interest in equivalent shares held by the unitized stock fund in the Del Monte 401(k) savings plan (Plan). The unitized stock fund consists of Del Monte common stock (approximately 96% of the fund value) and cash or cash equivalents (approximately 4% of the fund value). The number of shares attributed to the reporting person as a Plan participant and expressed as equivalent shares has been calculated based on the closing price of Del Monte common stock on the date of the reported transaction and may change from time to time without the volition of the reporting person depending on the fair market value of Del Monte common stock and the amount of cash in the fund.
( 4)  Vest 25% per year for four (4) years beginning with the first anniversary of the grant date (which date is 10 years prior to expiration date).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
BODNER LARRY E
PO BOX 193575
SAN FRANCISCO, CA 94119

EVP, Finance

Signatures
/s/ James Potter, signed pursuant to power of attorney 12/27/2010
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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