Filing Details
- Accession Number:
- 0001047340-21-000071
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-03-03 21:13:04
- Reporting Period:
- 2021-03-01
- Accepted Time:
- 2021-03-03 21:13:04
- 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 | 2021-03-01 | 3,720 | $0.00 | 20,285 | No | 4 | M | Direct | |
| Ordinary Shares | Acquisiton | 2021-03-01 | 42 | $0.00 | 20,327 | No | 4 | M | Direct | |
| Ordinary Shares | Disposition | 2021-03-01 | 1,471 | $25.81 | 18,856 | 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 | 2021-03-01 | 42 | $0.00 | 42 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Disposition | 2021-03-01 | 3,720 | $0.00 | 3,720 | $0.00 |
| Ordinary Shares | Restricted Stock Units | Acquisiton | 2021-03-01 | 19,813 | $0.00 | 19,813 | $0.00 |
| Ordinary Shares | Performance Stock Units | Disposition | 2021-03-01 | 3,161 | $0.00 | 3,161 | $0.00 |
| Ordinary Shares | Performance Stock Units | Acquisiton | 2021-03-01 | 19,813 | $0.00 | 19,813 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 3,476 | No | 4 | M | Direct | ||
| 11,160 | No | 4 | M | Direct | ||
| 19,813 | No | 4 | A | Direct | ||
| 15,438 | No | 4 | D | Direct | ||
| 19,813 | No | 4 | A | 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 | 1,600 | 1,600 | Direct | ||
| Ordinary Shares | Restricted Stock Units | $0.00 | 8,000 | 8,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 5,000 | 5,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,750 | 4,750 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 4,000 | 4,000 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 14,208 | 14,208 | Direct | ||
| Ordinary Shares | Performance Stock Units | $0.00 | 15,000 | 15,000 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 1,600 | 1,600 | Direct | |
| 8,000 | 8,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 5,000 | 5,000 | Direct | |
| 4,750 | 4,750 | Direct | |
| 4,000 | 4,000 | Direct | |
| 14,208 | 14,208 | Direct | |
| 15,000 | 15,000 | Direct |
Footnotes
- Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
- Each Dividend Equivalent Unit ("DEUs") represent 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 Performance Stock Units ("PSUs") to which they relate.
- A fractional share of DEUs on the RSUs vesting was paid in cash and 36.3659 DEUs were cancelled since performance criteria on underlying PSUs were met at 83%.
- The RSUs convert to Ordinary Shares on a one-for-one basis.
- RSUs were awarded on 2/21/18 and vest in five equal installments over four years. The remaining vesting will occur on 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 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 3/1/2022, 3/1/2023 and 3/1/2024.
- The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 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 11/2/2011 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 11/2/2012, 11/2/2013 and 11/2/2014. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vest in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vest between 2/22/2018 and 2/22/2020, of which the last traunch vested on 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
- The PSUs were awarded 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.
- Since the performance criteria was met at 83%, 3,161 PSUs previously reported on Form 4 were cancelled.
- The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. 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.
- The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
Billionaire Hedge Funds
