SEC Form 4 · accession 0001047340-19-000051
DEL MONTE CORP · DMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard Contreras
Officer — SVP and CFO
Period of report
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 8:26 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 Shares | Feb 22, 2019 | M | 400 | $0.00 | A | 639 | D | |
| Ordinary Shares | Feb 22, 2019 | S | 163 | $27.76 | D | 476 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF2,F1,F3 | — | Feb 22, 2019 | A | 3,000 | A | — | — | Ordinary Shares | 3,000 | 3,000 | D |
| Restricted Stock UnitsF1,F4,F3 | — | Feb 22, 2019 | A | 2,000 | A | — | — | Ordinary Shares | 2,000 | 2,000 | D |
| Restricted Stock UnitsF2,F4,F3 | — | Feb 22, 2019 | M | 400 | D | — | — | Ordinary Shares | 400 | 1,600 | D |
Explanation of responses
- F1Performance 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 2/20/2020, 2/20/2021 and 2/20/2022.
- F2Transaction date reflects the date on which the notification to employee of the RSU/PSU occurred.
- F3RSUs/PSUs do not have an expiration date.
- F4Restricted Stock Units (RSUs) 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 on each of 2/20/2019, 2/20/2020, 2/20/2021, 2/20/2022 and 2/20/2023.