SEC Form 4 · accession 0001047340-17-000122
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Hani El-Naffy
Director
Period of report
May 4, 2017
Accepted (ET)
May 8, 2017 · 3:09 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 | May 4, 2017 | M | 175,167 | — | A | 175,167 | D | |
| Ordinary SharesF1,F3 | May 4, 2017 | S | 69,119 | $52.67 | D | 106,048 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF4,F5,F6 | $24.68 | May 4, 2017 | M | 32,506 | D | — | — | Ordinary Shares | 32,506 | 0 | D |
| Performance Stock UnitsF4,F5,F6 | $25.52 | May 4, 2017 | M | 31,280 | D | — | — | Ordinary Shares | 31,280 | 0 | D |
| Performance Stock UnitsF4,F5,F6 | $26.52 | May 4, 2017 | M | 31,846 | D | — | — | Ordinary Shares | 31,846 | 0 | D |
| Performance Stock UnitsF4,F5,F6 | $33.44 | May 4, 2017 | M | 39,019 | D | — | — | Ordinary Shares | 39,019 | 0 | D |
| Performance Stock UnitsF4,F5,F6 | $38.99 | May 4, 2017 | M | 40,516 | D | — | — | Ordinary Shares | 40,516 | 0 | D |
Explanation of responses
- F1Transaction date reflects the date on which the Sell to Cover and conversion of the Performance Stock Units (PSUs) ocurred, which vested on November 2, 2016 and were released on May 4, 2017.
- F2Represents the number of ordinary shares that were acquired in connection with the PSUs and corresponding Dividend Equivalent Units (DEUs) listed in Table II.
- F3This represents the weighted average sales price of the shares. Mr. El-Naffy 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.
- F4PSUs 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.
- F5These PSUs and corresponding DEUs are fully vested.
- F6PSUs and associated DEUs do not have an expiration date.