SEC Form 4 · accession 0001047340-15-000107
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Contreras
Officer — SVP and CFO
Period of report
Mar 13, 2015
Accepted (ET)
Mar 17, 2015 · 5:51 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001047340
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Ordinary Shares | Mar 13, 2015 | M | 10,000 | $21.72 | A | 11,185 | D | |
| Ordinary Shares | Mar 13, 2015 | M | 8,000 | $23.76 | A | 19,185 | D | |
| Ordinary Shares | Mar 13, 2015 | M | 7,517 | $24.29 | A | 26,702 | D | |
| Ordinary SharesF1 | Mar 13, 2015 | S | 25,517 | $36.1956 | D | 1,185 | D | |
| Ordinary Shares | Mar 16, 2015 | M | 2,483 | $24.29 | A | 3,668 | D | |
| Ordinary Shares | Mar 16, 2015 | M | 10,000 | $28.09 | A | 13,668 | D | |
| Ordinary SharesF1 | Mar 16, 2015 | S | 12,483 | $36.1955 | D | 1,185 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right to Buy)F2 | $21.72 | Mar 13, 2015 | M | 10,000 | D | — | Jul 31, 2019 | Ordinary Shares | 10,000 | 0 | D |
| Employee Stock Options (Right to Buy)F3 | $23.76 | Mar 13, 2015 | M | 8,000 | D | — | Aug 3, 2021 | Ordinary Shares | 8,000 | 4,000 | D |
| Employee Stock Options (Right to Buy)F4 | $24.29 | Mar 13, 2015 | M | 7,517 | D | — | Aug 1, 2022 | Ordinary Shares | 7,517 | 12,483 | D |
| Employee Stock Options (Right to Buy)F4 | $24.29 | Mar 16, 2015 | M | 2,483 | D | — | Aug 1, 2022 | Ordinary Shares | 2,483 | 10,000 | D |
| Employee Stock Options (Right to Buy)F5 | $28.09 | Mar 16, 2015 | M | 10,000 | D | — | Jul 31, 2023 | Ordinary Shares | 10,000 | 15,000 | D |
Explanation of responses
- F1This represents the weighted average sales price of the shares. The shares were sold at a price ranging from $36.00 to $36.36. Mr. Contreras will provide, upon request of the SEC staff, Fresh Del Monte Produce., or a shareholder of Fresh Del Monte Produce Inc., complete information regarding the number of shares sold at each price within the range.
- F2The option is currently exercisable with respect to all underlying shares.
- F3The option is currently exercisable with respect to 8,000 shares and will become exercisable with respect to an additional 4,000 shares on 08/03/2015.
- F4The option is currently exercisable with respect to 10,000 shares and will become exercisable with respect to an additional 5,000 shares on each 08/01/2015 and 08/01/2016.
- F5The option is currently exercisable with respect to 10,000 shares and will become exercisable with respect to an additional 5,000 shares on each of 7/31/2015, 7/31/2016 and 7/31/2017.
Remarks
Option exercises and share sales executed pursuant to a Rule 10b5-1 plan.