SEC Form 4 · accession 0001047340-19-000048
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 20, 2019
Accepted (ET)
Feb 25, 2019 · 6:38 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 20, 2019 | M | 10,000 | $0.00 | A | 5,246,922 | D | |
| Ordinary SharesF1,F3 | Feb 21, 2019 | M | 10,153 | $0.00 | A | 5,257,075 | D | |
| Ordinary SharesF1,F4 | Feb 22, 2019 | M | 10,275 | $0.00 | A | 5,267,350 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF2,F5 | $27.71 | Feb 20, 2019 | A | 50,000 | A | — | — | Ordinary Shares | 50,000 | 50,000 | D |
| Restricted Stock UnitF2,F5 | $27.71 | Feb 20, 2019 | M | 10,000 | D | — | — | Ordinary Shares | 10,000 | 40,000 | D |
| Restricted Stock UnitsF2,F3,F5 | $27.99 | Feb 21, 2019 | M | 10,153 | D | — | — | Ordinary Shares | 10,153 | 30,462 | D |
| Restricted Stock UnitsF4,F5 | $27.87 | Feb 22, 2019 | M | 10,275 | D | — | — | Ordinary Shares | 10,275 | 20,551 | 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 vest in five equal annual installments of which four are remaining each of 2/20/2020, 2/20/2021, 2/20/2022 and 2/21/2023.
- F3RSUs are 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 vest in five equal annual installments of which three are remaining each of 2/20/2020, 2/20/201 and 2/20/2022.
- F4RSUs are 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 vest in five equal annual installments of which two are remaining each of 2/20/2020, and 2/20/2021.
- F5RSUs, and/or DEUs do not have an expiration date.