SEC Form 4 · accession 0001047340-17-000184
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marissa R Tenazas
Officer — SVP Corporate Human Resources
Period of report
Aug 2, 2017
Accepted (ET)
Aug 4, 2017 · 4:40 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 | Aug 2, 2017 | M | 400 | $0.00 | A | 1,581 | I | Held by Spouse |
| Ordinary SharesF2 | Aug 2, 2017 | S | 159 | $49.65 | D | 1,422 | I | Held by Spouse |
| Ordinary Shares | holding | — | — | — | 3,513 | 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 UnitsF3,F4 | $49.75 | Aug 2, 2017 | A | 2,000 | A | — | — | Ordinary Shares | 2,000 | 2,000 | I |
| Restricted Stock UnitsF3,F4 | $49.75 | Aug 2, 2017 | M | 400 | D | — | — | Ordinary Shares | 400 | 1,600 | I |
Explanation of responses
- F1Represents the number of ordinary shares that were acquired in connection with the settlement of the Restricted Stock Units (RSUs) listed in Table II.
- F2Represents the number of shares required to be sold by the 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.
- F3RSUs 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 will vest in five equal annual installments of which four are remaining on each of 8/2/2018, 8/2/2019, 8/2/2020, and 8/2/2021.
- F4RSUs do not have an expiration date.