Filing Details
- Accession Number:
- 0001047340-20-000054
- Form Type:
- 4/A
- Zero Holdings:
- No
- Publication Time:
- 2020-02-25 16:48:29
- Reporting Period:
- 2020-02-20
- Accepted Time:
- 2020-02-25 16:48:29
- 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 |
|---|---|---|---|---|---|---|---|
| 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 | 2020-02-20 | 4,000 | $0.00 | 11,071 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2020-02-20 | 18 | $0.00 | 11,089 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2020-02-20 | 1,804 | $30.85 | 9,285 | 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 | Dividend Equivalent Units | Disposition | 2020-02-20 | 18 | $0.00 | 18 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-02-20 | 4,000 | $0.00 | 4,000 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 2,564 | No | 4 | M | Direct | ||
| 12,000 | 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 | 14,208 | 14,208 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 15,000 | 15,000 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 4,800 | 4,800 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 1,500 | 1,500 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 14,208 | 14,208 | Direct | |
| 15,000 | 15,000 | Direct | |
| 4,800 | 4,800 | Direct | |
| 1,500 | 1,500 | Direct |
Footnotes
- The original Form 4, filed on February 24, 2020, is being amended to reflect the correct amounts of securities beneficially owned following the reported transactions. Except as described in Footnote 6, there were no other changes to the Form 4.
- Reflects shares sold for taxes payable upon the vesting of RSUs.
- 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).
- 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 will occur on each 2/20/20, 2/20/21, 2/20/22 and 2/20/23.
- The Original Form 4 is also being amended to include information on the other securities beneficially owned by the Reporting Person. Except as described in Footnote 1, there were no other changes to the Original Form 4.
- 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 88.8%. The PSUs vest in three equal annual installments on each of 2/22/2018, 2/22/2019 and 2/20/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- 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.
- RSUs were awarded on 2/21/18 and vested in five equal installments over four years. The remaining vestings will occur on each 2/21/20, 2/21/21 and 2/21/22.
- The RSUs were awarded on 8/3/2016 and vest in five equal installments over four years of which one is remaining on 8/3/2020.
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