SEC Form 4 · accession 0001047340-19-000045
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Reyes Jorge Pelaez
Officer — VP, Central America
Period of report
Feb 20, 2019
Accepted (ET)
Feb 25, 2019 · 6:37 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 20, 2019 | M | 400 | $0.00 | A | 400 | D | |
| Ordinary SharesF1 | Feb 21, 2019 | M | 609 | $0.00 | A | 1,009 | 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 UnitsF2,F3 | $27.71 | Feb 20, 2019 | A | 2,000 | A | — | — | Ordinary Shares | 2,000 | 2,000 | D |
| Restricted Stock UnitsF2,F3 | $27.71 | Feb 20, 2019 | M | 400 | D | — | — | Ordinary Shares | 400 | 1,600 | D |
| Restricted Stock UnitsF2,F4,F3 | $27.99 | Feb 21, 2019 | M | 609 | D | — | — | Ordinary Shares | 609 | 1,828 | 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.
- 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 will vest in five equal annual installments of which four are remaining on each of 2/20/2020, 2/20/2021, 2/20/2022 and 2/20/2023.
- F3RSUs and DEUs do not have an expiration date.
- F4RSUs granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each RSU and / or DEU represents a contingent right to receive one ordinary share of FDP. The RSUs will vest in five equal annual installments of which three are remaining on each of 2/21/2020, 2/21/2021 and 2/21/2022.