SEC Form 4 · accession 0001047340-17-000056
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
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 2:13 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 | Mar 1, 2017 | M | 47,020 | — | A | 5,378,672 | D | |
| Ordinary Shares | holding | — | — | — | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2,F3,F4 | $25.52 | Mar 1, 2017 | M | 17,333 | D | — | — | Ordinary Shares | 17,333 | 0 | D |
| Performance Stock UnitsF2,F5,F4 | $33.44 | Mar 1, 2017 | M | 16,217 | D | — | — | Ordinary Shares | 16,217 | 17,052 | D |
| Performance Stock UnitsF2,F6,F4 | $38.99 | Mar 1, 2017 | M | 13,470 | D | — | — | Ordinary Shares | 13,470 | 26,943 | D |
Explanation of responses
- F1Represents the number of ordinary shares that were acquired in connection with the Performance Stock Units (PSUs) and corresponding Dividend Equivalent Units (DEUs) listed in Table II.
- F2PSUs are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan and are eligible to earn DEUs. Each PSU and DEU represent a contingent right to receive one ordinary share of FDP. The PSUs and corresponding DEUs are subject to meeting minimum performance criteria set by the Compensation Committee of the Board of Directors of FDP.
- F3These PSUs and corresponding DEUs are fully vested.
- F4PSUs and associated DEUs do not have an expiration date.
- F5These remaining PSUs and corresponding DEUs will vest on 2/18/2018.
- F6These remaining PSUs and corresponding DEUs will vest in two equal annual installments on 2/24/2018 and 2/24/2019.