Filing Details
- Accession Number:
- 0001047340-20-000099
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-03-04 21:20:45
- Reporting Period:
- 2020-03-02
- Accepted Time:
- 2020-03-04 21:20:45
- 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 |
|---|---|---|---|---|---|---|---|
| 1469680 | Youssef Zakharia | C/O Fresh Del Monte Produce Inc. P.o. Box 14922 Coral Gables FL 33114 | President And Coo | No | 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 | 2020-03-02 | 3,719 | $0.00 | 13,970 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2020-03-02 | 1,477 | $28.32 | 12,493 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| 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 | Acquisiton | 2020-03-02 | 18,599 | $0.00 | 18,599 | $0.00 |
| Ordinary Shares | Performance Stock Units | Acquisiton | 2020-03-02 | 18,599 | $0.00 | 18,599 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-03-02 | 3,719 | $0.00 | 3,719 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 18,599 | No | 4 | A | Direct | ||
| 18,599 | No | 4 | A | Direct | ||
| 14,880 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Performance Stock Units | $0.00 | 15,000 | 15,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 14,208 | 14,208 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,000 | 4,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,750 | 4,750 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 1,500 | 1,500 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 3,200 | 3,200 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 12,000 | 12,000 | Direct | ||
| Ordinary Shares | Dividend Equivalent Units | $0.00 | 2,447 | 2,447 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 15,000 | 15,000 | Direct | |
| 14,208 | 14,208 | Direct | |
| 4,000 | 4,000 | Direct | |
| 4,750 | 4,750 | Direct | |
| 5,000 | 5,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 1,500 | 1,500 | Direct | |
| 3,200 | 3,200 | Direct | |
| 12,000 | 12,000 | Direct | |
| 2,447 | 2,447 | Direct |
Footnotes
- Vesting of first tranche of RSUs awarded 3/2/2020.
- Reflects shares sold for taxes payable upon the vesting of RSUs.
- The Restricted Stock Units ("RSUs") convert to Ordinary Shares on a one-for-one basis.
- RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2021, 3/1/2022, 3/1/2023 and 3/1/2024.
- The Performance Stock Units ("PSUs") convert to Ordinary Shares on a one-for-one basis.
- The PSUs were awarded on 3/2/2020 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vest between 2/22/2018 and 2/22/2020, of which the last traunch will vest on 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vest in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 11/2/2011 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The RSUs were awarded on 2/22/2017 and vest in five equal annual installments over four years of which two are remaining on each of 2/22/2020 and 2/22/2021.
- RSUs were awarded on 2/21/2018 and vest in five equal installments over four years. The remaining vestings will occur on 2/21/2021 and 2/21/2022.
- RSUs were awarded on 2/20/19 and vested in five equal installments over four years. The remaining vestings will occur on 2/20/21, 2/20/22 and 2/20/23.
- Dividend Equivalent Units (DEUs) were granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each DEU represents a contingent right to receive one ordinary share of FDP. The DEUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of FDP. Provided such criteria are met, the DEUs will vest in three equal annual installments based on the underlying Restricted Stock Units (RSUs).
Billionaire Hedge Funds
