Filing Details
- Accession Number:
- 0001047340-16-000561
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2016-08-08 16:09:45
- Reporting Period:
- 2016-08-04
- Filing Date:
- 2016-08-08
- Accepted Time:
- 2016-08-08 16:09:45
- 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 |
|---|---|---|---|---|---|---|---|
| 1538314 | R Marissa Tenazas | C/O Fresh Del Monte Produce Inc. P.o. Box 149222 Coral Gables FL 33114 | Svp Corporate Human Resources | 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 | 2016-08-04 | 2,000 | $0.00 | 9,991 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2016-08-04 | 532 | $59.67 | 9,459 | No | 4 | S | Direct | |
| Ordinary Shares | Acquisiton | 2016-08-04 | 1,000 | $0.00 | 3,745 | No | 4 | M | Indirect | Held by Spouse |
| Ordinary Shares | Disposition | 2016-08-04 | 267 | $59.67 | 3,478 | No | 4 | S | Indirect | Held by Spouse |
| Ordinary Shares | Acquisiton | 2016-08-05 | 5,000 | $24.29 | 14,459 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2016-08-05 | 5,000 | $28.09 | 19,459 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2016-08-05 | 2,000 | $24.29 | 5,478 | No | 4 | M | Indirect | Held by Spouse |
| Ordinary Shares | Acquisiton | 2016-08-05 | 1,000 | $28.01 | 6,478 | No | 4 | M | Indirect | Held by Spouse |
| Ordinary Shares | Disposition | 2016-08-05 | 4,251 | $60.20 | 2,227 | No | 4 | S | Indirect | Held by Spouse |
| Ordinary Shares | Disposition | 2016-08-05 | 13,506 | $60.42 | 5,953 | 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 | Indirect | Held by Spouse |
| No | 4 | S | Indirect | Held by Spouse |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Indirect | Held by Spouse |
| No | 4 | M | Indirect | Held by Spouse |
| No | 4 | S | Indirect | Held by Spouse |
| 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 | 2,000 | $0.00 | 2,000 | $59.83 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2016-08-04 | 1,000 | $0.00 | 1,000 | $59.83 |
| Ordinary Shares | Employee Stock Options (Right to Buy) | Disposition | 2016-08-05 | 5,000 | $0.00 | 5,000 | $24.29 |
| Ordinary Shares | Employee Stock Options (Right to Buy) | Disposition | 2016-08-05 | 5,000 | $0.00 | 5,000 | $28.09 |
| Ordinary Shares | Employee Stock Options (Right to Buy) | Disposition | 2016-08-05 | 2,000 | $0.00 | 2,000 | $24.29 |
| Ordinary Shares | Employee Stock Options (Right to Buy) | Disposition | 2016-08-05 | 1,000 | $0.00 | 1,000 | $28.01 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 8,000 | No | 4 | M | Direct | ||
| 4,000 | No | 4 | M | Indirect | ||
| 0 | 2022-08-01 | No | 4 | M | Direct | |
| 5,000 | 2023-07-31 | No | 4 | M | Direct | |
| 0 | 2022-08-01 | No | 4 | M | Indirect | |
| 1,000 | 2023-07-31 | No | 4 | M | Indirect |
Footnotes
- Transaction Date reflects the date on which the Sell to Cover and conversion of the Restricted Stock Units (RSU), which vested on 8/3/2016 occurred.
- Represents the number of ordinary shares that were acquired in connection with the settlement of the restricted stock units listed in Table II.
- Represents the number of shares required to be sold by he 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.
- This represents the weighted average sales price of the shares. The shares were sold at a price ranging from $60.19 to $60.83. Mr. and Mrs. Tenazas 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.
- 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.
- RSUs do not have an expiration date.
- The option is currently exercisable with respect to all shares.
- The option is currently exercisable with respect to 5,000 shares and will become exercisable with respect to an additional 5,000 shares on 7/31/2017.
- The option is currently exercisable with respect to 1,000 shares and will become exercisable with respect to an additional 1,000 shares on 7/31/2017.
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