SEC Form 4 · accession 0001047340-16-000522
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bruce Alan Jordan
Officer — SVP, General Counsel and Secy
Period of report
Aug 1, 2016
Accepted (ET)
Aug 3, 2016 · 4:25 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 SharesF1,F2 | Aug 1, 2016 | M | 2,022 | $0.00 | A | 2,022 | D | |
| Ordinary SharesF1,F2 | Aug 2, 2016 | M | 2,051 | $0.00 | A | 4,073 | D | |
| Ordinary SharesF1,F3 | Aug 1, 2016 | S | 538 | $56.56 | D | 3,535 | D | |
| Ordinary SharesF1,F3 | Aug 2, 2016 | S | 546 | $56.51 | D | 2,989 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F1,F5 | $40.03 | Aug 1, 2016 | M | 2,022 | D | — | — | Ordinary Shares | 2,022 | 6,068 | D |
| Restricted Stock UnitsF6,F5 | $29.99 | Aug 2, 2016 | M | 2,051 | D | — | — | Ordinary Shares | 2,051 | 4,102 | D |
Explanation of responses
- F1Transaction Date reflects the date on which the Sell to Cover and conversion of the shares which vested on July 29, 2015 and July 30, 2014 occurred.
- F2Represents the number of ordinary shares that were acquired in connection with the settlement of the Restricted Stock Options (RSUs) listed in Table II.
- F3Represents the number of shares required to be sold by he reporting person to cover tax withholding obligations in connection with the vesting of the RSUs listed in Table II. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax witholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F4RSUs are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each 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 7/29/2017, 7/29/2018 and 7/29/2019.
- F5RSUs do not have an expiration date.
- F6RSUs are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each RSU represents a contingent right to receive one ordinary share of FDP. The remaining RSUs vest in two equal annual installments on each of 7/30/2017 and 7/30/2018.