SEC Form 4 · accession 0001047340-16-000404
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hani El-Naffy
Officer — President and COO · Director
Period of report
Feb 24, 2016
Accepted (ET)
Feb 25, 2016 · 4:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001047340
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1,F2 | $38.99 | Feb 24, 2016 | A | 40,000 | A | — | — | Ordinary Shares | 40,000 | 40,000 | D |
Explanation of responses
- F1Performance Stock Units (PSUs) are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each PSU represents a contingent right to receive one ordinary share of FDP. The PSUs are subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP. Provided such criteria are met, the PSUs will vest in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019.
- F2PSUs do not have an expiration date.