Filing Details

Accession Number:
0001047340-16-000560
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-08-08 16:09:19
Reporting Period:
2016-08-04
Filing Date:
2016-08-08
Accepted Time:
2016-08-08 16:09:19
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1047340 Fresh Del Monte Produce Inc FDP Agricultural Production-Crops (100) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1416765 Hani El-Naffy C/O Fresh Del Monte Produce Inc.
P.o. Box 149222
Coral Gables FL 33114
President And Coo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Ordinary Shares Acquisiton 2016-08-04 10,000 $0.00 21,964 No 4 M Direct
Ordinary Shares Disposition 2016-08-04 4,126 $59.67 17,838 No 4 S Direct
Ordinary Shares Acquisiton 2016-08-04 11,376 $24.29 29,214 No 4 M Direct
Ordinary Shares Disposition 2016-08-04 11,376 $60.04 17,838 No 4 S Direct
Ordinary Shares Acquisiton 2016-08-04 40,000 $28.09 57,838 No 4 M Direct
Ordinary Shares Disposition 2016-08-04 40,000 $60.04 17,838 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Ordinary Shares Restricted Stock Units Disposition 2016-08-04 10,000 $0.00 10,000 $59.83
Ordinary Shares Employee Stock Options (Right to Buy) Disposition 2016-08-04 11,376 $0.00 11,376 $24.29
Ordinary Shares Employee Stock Options (Right to Buy) Disposition 2016-08-04 40,000 $0.00 40,000 $28.09
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
40,000 No 4 M Direct
24,624 2022-08-01 No 4 M Direct
40,000 2023-07-31 No 4 M Direct
Footnotes
  1. Transaction Date reflects the date on which the Sell to Cover and conversion of the Restricted Stock Units (RSU), which vested on 8/3/16 occurred.
  2. Represents the number of ordinary shares that were acquired in connection with the settlement of the RSUs listed in Table II.
  3. Represents the number of shares required to be sold by the reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax witholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
  4. This represents the weighted average sales price of the shares. The shares were sold at a price ranging from $59.56 to $60.57. Mr. El-Naffy will provide, upon request of the SEC staff, Fresh Del Monte Produce Inc., or a shareholder of Fresh Del Monte Produce Inc. complete information regarding the number of shares sold at each price within the range.
  5. RSUs are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each RSU represents a contingent right to receive one ordinary share of FDP. The RSUs vest in five equal annual installments of which four are remaining on each of 8/3/2017, 8/3/2018, 8/3/2019 and 8/3/2020.
  6. RSUs do not have an expiration date.
  7. The option is currently exercisable with respect to all underlying shares.
  8. The option is exercisable with respect to 40,000 shares and will become exercisable with respect to an additional 40,000 shares on 7/31/2017.