Filing Details
- Accession Number:
- 0001047340-20-000102
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-03-04 21:21:50
- Reporting Period:
- 2020-03-02
- Accepted Time:
- 2020-03-04 21:21:50
- 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 |
|---|---|---|---|---|---|---|---|
| 1769771 | Guarita Eduardo Bezerra | C/O Fresh Del Monte Produce Inc. P.o. Box 149222 Coral Gables FL 33114 | Svp And Cfo | 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 | 576 | $0.00 | 1,344 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2020-03-02 | 175 | $28.32 | 1,169 | 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 | 2,881 | $0.00 | 2,881 | $0.00 |
| Ordinary Shares | Performance Stock Units | Acquisiton | 2020-03-02 | 2,881 | $0.00 | 2,881 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-03-02 | 576 | $0.00 | 576 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,881 | No | 4 | A | Direct | ||
| 2,881 | No | 4 | A | Direct | ||
| 2,305 | No | 4 | M | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Ordinary Shares | Restricted Stock Units | $0.00 | 4,000 | 4,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,250 | 2,250 | Direct | ||
| Ordinary Shares | Dividend Equivalent Units | $0.00 | 28 | 28 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 4,000 | 4,000 | Direct | |
| 2,250 | 2,250 | Direct | |
| 28 | 28 | 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.
- RSUs were awarded on 3/25/2019 and vest in five equal installments over four years. The remaining vestings will occur on 3/25/2020, 3/25/2021, 3/25/2022 and 3/25/23.
- PSUs were awarded on 7/31/2019 and are earned subject to meeting minimum performance criteria, Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022.
- Each Dividend Equivalent Unit (DEU) represents a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting and/or performance criteria based on the underlying Restricted Stock Units (RSUs) and/or Performance Stock Units (PSUs) to which they relate.
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