SEC Form 4 · accession 0001047340-19-000043
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Youssef Zakharia
Officer — President and COO
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 6:36 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 | Feb 21, 2019 | M | 1,624 | $0.00 | A | 3,011 | D | |
| Ordinary SharesF2 | Feb 21, 2019 | S | 630 | $27.77 | D | 2,381 | 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 | $27.99 | Feb 21, 2019 | M | 1,624 | D | — | — | Ordinary Shares | 1,624 | 4,874 | D |
Explanation of responses
- F1Represents the number of ordinary shares that were acquired in connection with the settlement of the Restricted Stock Units (RSUs) and accompanying Dividend Equivalent Units (DEUs) 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 withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
- F3RSUs are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each RSU or DEU represent a contingent right to receive one ordinary share of FDP. The RSUs vest in five equal annual installments of which three are remaining on each of 2/21/2020, 2/21/2021 and 2/21/2022.
- F4RSUs and DEUs do not have an expiration date.