Filing Details
- Accession Number:
- 0001047340-20-000052
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2020-02-25 16:47:45
- Reporting Period:
- 2020-02-20
- Accepted Time:
- 2020-02-25 16:47:45
- Original Submission Date:
- 2020-02-24
- 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 |
|---|---|---|---|---|---|---|---|
| 1732516 | Helmuth Lutty | C/O Fresh Del Monte Produce Inc. Po Box 149222 FL 33114 | Svp, Network Shipping & Ops | 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 | 2020-02-20 | 400 | $0.00 | 2,593 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2020-02-20 | 1 | $0.00 | 2,594 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2020-02-20 | 120 | $30.85 | 2,474 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | 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 | 2020-02-20 | 400 | $0.00 | 400 | $0.00 |
| Ordinary Shares | Dividend Equivalent Units | Disposition | 2020-02-20 | 1 | $0.00 | 1 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 1,200 | No | 4 | M | Direct | ||
| 82 | 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 | 600 | 600 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 1,200 | 1,200 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 800 | 800 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,000 | 2,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 600 | 600 | Direct | |
| 1,200 | 1,200 | Direct | |
| 800 | 800 | Direct | |
| 2,000 | 2,000 | Direct |
Footnotes
- The original Form 4, filed on February 24, 2020, is being amended solely to reflect the correct amounts of securities beneficially owned following the reported transactions. There were no other changes to the Form 4.
- 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 2/20/19 and vested in five equal installments over four years. The remaining vestings of 400 shares will occur on each 2/20/20, 2/20/21, 2/20/22 and 2/20/23.
- 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.
- 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. These RSUs awarded on 8/3/2016 will vest in five equal annual installments of which one is remaining on 8/3/2020.
- RSUs were awarded on 2/21/18 and vested in five equal installments over four years. The remaining vestings of 400 shares will occur on each 2/21/20, 2/21/21 and 2/21/22.
- The RSUs were awarded on 8/2/2017 and vest in five equal annual installments over four years of which two are remaining on each of 8/2/2020 and 8/2/2021.
- The Performance Stock Units ("PSUs") convert to Ordinary Shares on a one-for-one basis.
- The PSUs were subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2021. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
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