SEC Form 4 · accession 0001047340-16-000380
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
Feb 18, 2016
Accepted (ET)
Feb 22, 2016 · 4:18 pm EST
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 SharesF1,F2 | Feb 18, 2016 | M | 10,126 | — | A | 5,413,983 | D | |
| Ordinary Shares | Feb 18, 2016 | M | 0 | $0.00 | A | 20,000 | I | Held by Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F2,F4 | $33.44 | Feb 18, 2016 | M | 10,000 | D | — | — | Ordinary Shares | 10,000 | 30,379 | D |
| Dividend Equivalent UnitsF5,F4 | — | Feb 18, 2016 | M | 126 | D | — | — | Ordinary Shares | 126 | 0 | D |
Explanation of responses
- F1Represents the number of ordinary shares that were acquired in connection with the settlement of the Restricted Stock Units (RSUs) listed in Table II.
- F2Each RSU represents a contingent right to receive one ordinary share of FDP. The remaining RSUs will vest in three equal annual installments on each of 2/18/2017, 2/18/2018, and 2/18/2019.
- F3Transaction date reflects the date on which the conversion of the RSUs, which vested on February 18, 2016, occurred.
- F4RSUs and associated Dividend Equivalent Units (DEUs) do not have an expiration date.
- F5Each DEU represents a contingent right to receive one ordinary share of FDP. DEUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of FDP. Such criteria has been met and 126 of these DEUs are fully vested.