SEC Form 4 · accession 0001047340-15-000227
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mohammad Abu-Ghazaleh
Officer — Chairman and CEO · Director · 10% Owner
Period of report
Jul 30, 2015
Accepted (ET)
Aug 3, 2015 · 4:55 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 | Jul 30, 2015 | M | 32,200 | $28.89 | A | 5,436,057 | D | |
| Ordinary Shares | Jul 30, 2015 | M | 32,200 | $26.52 | A | 5,468,257 | D | |
| Ordinary Shares | Jul 30, 2015 | M | 16,703 | $22.46 | A | 5,484,960 | D | |
| Ordinary SharesF1 | Jul 30, 2015 | S | 81,103 | $40.1821 | D | 5,403,857 | 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 | $28.89 | Jul 30, 2015 | M | 32,200 | D | — | Apr 30, 2024 | Ordinary Shares | 32,200 | 96,600 | D |
| Employee Stock Options (Right to Buy)F3 | $26.52 | Jul 30, 2015 | M | 32,200 | D | — | Feb 20, 2023 | Ordinary Shares | 32,200 | 64,400 | D |
| Employee Stock Options (Right to Buy)F4 | $22.46 | Jul 30, 2015 | M | 16,703 | D | — | Feb 28, 2022 | Ordinary Shares | 16,703 | 32,200 | D |
Explanation of responses
- F1This represents the weighted average sales price of the shares. The shares were sold at a price ranging from $40.10 to $40.28 Mr. Abu-Ghazaleh 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 32,200 shares and will become exercisable with respect to an additional 32,200 shares on each of 4/30/2016, 4/30/2017 and 4/30/2018.
- F3The option is currently exercisable with respect to 32,200 shares and will become exercisable with respect to an additional 32,200 shares on each of 2/20/2016, 2/20/2017.
- F4The option is currently exercisable with respect to 16,703 shares and will become exercisable with respect to an additional 32,200 shares on 02/29/2016.
Remarks
Option exercises and share sales executed pursuant to Rule 10b5-1 plan.