Filing Details
- Accession Number:
- 0001047340-20-000257
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2020-08-05 18:19:50
- Reporting Period:
- 2020-08-03
- Accepted Time:
- 2020-08-05 18:19:50
- 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 |
|---|---|---|---|---|---|---|---|
| 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 | 2020-08-03 | 37 | $0.00 | 3,162 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2020-08-03 | 600 | $0.00 | 3,762 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2020-08-03 | 400 | $0.00 | 4,162 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2020-08-03 | 246 | $23.13 | 3,916 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| 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 | 2020-08-03 | 37 | $0.00 | 37 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-08-03 | 600 | $0.00 | 600 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2020-08-03 | 400 | $0.00 | 400 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 93 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 400 | 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 | 800 | 800 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 1,200 | 1,200 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 2,100 | 2,100 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,000 | 2,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 2,625 | 2,625 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 800 | 800 | Direct | |
| 1,200 | 1,200 | Direct | |
| 2,100 | 2,100 | Direct | |
| 2,000 | 2,000 | Direct | |
| 2,625 | 2,625 | Direct |
Footnotes
- Represents settlement of Dividend Equivalent Units ("DEUs") associated with the Restricted Stock Units ("RSUs") or Performance Stock Units ("PSUs") vested.
- Vesting of final tranche of RSUs awarded on 8/3/2016.
- Vesting of fourth tranche of RSUs awarded on 8/2/2017.
- Reflects shares sold for taxes payable upon the vesting of RSUs.
- Each 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 RSUs and/or PSUs to which they relate.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- 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.
- The RSUs were awarded on 8/2/2017 and vest in five equal annual installments over four years of which one is remaining on 8/2/2021.
- RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The remaining vestings will occur on 2/21/21 and 2/21/22.
- RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings of 400 shares will occur on each 2/20/21, 2/20/22 and 2/20/23.
- 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 PSUs convert to Ordinary Shares on a one-for-one basis.
- The PSUs were awarded on 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 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.
Billionaire Hedge Funds
