SEC Form 4 · accession 0001047340-18-000059
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
Feb 21, 2018
Accepted (ET)
Feb 23, 2018 · 4:42 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,F2 | Feb 21, 2018 | M | 10,000 | $0.00 | A | 5,314,025 | D | |
| Ordinary SharesF1,F2 | Feb 22, 2018 | M | 10,119 | $0.00 | A | 5,324,144 | 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 UnitsF3,F4 | $46.35 | Feb 21, 2018 | A | 40,000 | A | — | — | Ordinary Shares | 40,000 | 40,000 | D |
| Restricted Stock UnitsF1,F2,F4 | $46.35 | Feb 21, 2018 | A | 50,000 | A | — | — | Ordinary Shares | 50,000 | 50,000 | D |
| Restricted Stock UnitsF1,F2,F4 | $46.35 | Feb 21, 2018 | M | 10,000 | D | — | — | Ordinary Shares | 10,000 | 40,000 | D |
| Restricted Stock UnitF2,F4 | $56.52 | Feb 22, 2018 | M | 10,119 | D | — | — | Ordinary Shares | 10,119 | 30,359 | D |
Explanation of responses
- F1Represents the number of ordinary shares that were acquired in connection with the settlement of the RSUs listed in Table II.
- F2RSUs 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 that were granted on 2/21/2018 will vest in four remaining equal annual installments on each of 2/21/2019, 2/21/2020, 2/21/2021, and 2/21/2022. The RSUs that vested on 2/22/2018 will vest in three remaining equal annual installments on each of 2/22/2019, 2/22/2020, and 2/22/2021.
- F3Performance Stock Units (PSUs) 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. Provided such criteria are met, the PSUs will vest in three equal annual installments on each of 2/21/2019, 2/21/2020 and 2/21/2021.
- F4RSUs, PSUs, and/or associated Dividend Equivalent Units (DEUs) do not have an expiration date.