SEC Form 4 · accession 0001047340-16-000562
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jose Antonio Yock
Officer — SVP, Central America
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 4:10 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 4, 2016 | M | 2,000 | $0.00 | A | 8,109 | D | |
| Ordinary Shares | Aug 4, 2016 | M | 5,000 | $24.29 | A | 13,109 | D | |
| Ordinary Shares | Aug 4, 2016 | M | 5,000 | $28.09 | A | 18,109 | D | |
| Ordinary SharesF3 | Aug 4, 2016 | S | 18,109 | $59.98 | D | 0 | 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,F5 | $59.83 | Aug 4, 2016 | M | 2,000 | D | — | — | Ordinary Shares | 2,000 | 8,000 | D |
| Employee Stock Options (Right to Buy)F6 | $24.29 | Aug 4, 2016 | M | 5,000 | D | — | Aug 1, 2022 | Ordinary Shares | 5,000 | 0 | D |
| Employee Stock Options (Right to Buy)F7 | $28.09 | Aug 4, 2016 | M | 5,000 | D | — | Jul 31, 2023 | Ordinary Shares | 5,000 | 5,000 | D |
Explanation of responses
- F1Transaction Date reflects the date on which the conversion of the Restricted Stock Units (RSU), which vested on 8/3/2016 occurred.
- F2Represents the number of ordinary shares that were acquired in connection with the settlement of the RSUs listed in Table II.
- F3This represents the weighted average sales price of the shares. The shares were sold at a price ranging from $59.96 to $60.00. Mr. Yock will provide, upon request of the SEC staff, Fresh Del Monte Produce Inc., or a shareholder of Fresh Del Monte Produce Inc. complete information regarding the number of shares sold at each price within the range.
- 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 RSUs vest in five equal annual installments of which four are remaining on each of 8/3/2017, 8/3/2018, 8/3/2019 and 8/3/2020.
- F5RSUs do not have an expiration date.
- F6The option is currently exercisable with respect to all shares.
- F7The option is currently exercisable with respect to 5,000 shares and will become exercisable with respect to an additional 5,000 shares on 7/31/2017.