4 1 djform4.txt DURK JAGER FORM 4 FORM 4 OMB APPROVAL [] Check this box if no OMB Number: 3235-0287 longer subject to Section 16. Expires: January 31, 2005 Form 4 or Form 5 obligations Estimated average burden may continue. See Instruction hours per response.....0.5 1(b). UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 (Print or Type Responses) ________________________________________________________________________________ 1. Name and Address of Reporting Person* Jager Durk I. -------------------------------------------------------------------------------- (Last) (First) (Middle) 250 East Fifth St., Suite 1500 -------------------------------------------------------------------------------- (Street) Cincinnati OH 45202 -------------------------------------------------------------------------------- (City) (State) (Zip) ________________________________________________________________________________ 2. Issuer Name and Ticker or Trading Symbol Chiquita Brands International, Inc. (CQB) ________________________________________________________________________________ 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) ________________________________________________________________________________ 4. Statement for Month/Day/Year December 12, 2002 ________________________________________________________________________________ 5. If Amendment, Date of Original (Month/Day/Year) ________________________________________________________________________________ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [_] 10% Owner [_] Officer (give title below) [_] Other (specify below) ________________________________________________________________________________ 7. Individual or Joint/Group Filing (Check Applicable Line) [X] Form filed by One Reporting Person [_] Form filed by More than One Reporting Person ________________________________________________________________________________ ================================================================================ Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ================================================================================
5. 6. 4. Amount of Owner- 2A. Securities Acquired (A) Securities ship Deemed 3. or Disposed of (D) Beneficially Form: 7. 2. Execution Transaction (Instr. 3, 4 and 5) Owned Direct Nature of Transaction Date, Code ----------------------- Following (D) or Indirect 1. Date if Any (Instr. 8) (A) Reported Indirect Beneficial Title of Security (Month/ (Month/ ------------ or Transaction(s) (I) Ownership (Instr. 3) Day/Year) Day/Year) Code V Amount (D) Price (Instr. 3 and 4) (Instr.4) (Instr. 4) ---------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------- ============================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. *If the form is filed by more than one reporting person, see Instruction 4(b)(v). Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. (Over) SEC 1474 (9-02) FORM 4 (continued) Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) ================================================================================
9. 10. Number Owner- of deriv- ship ative Form 2. Secur- of Conver- 5. 7. ities Deriv- 11. sion Number of Title and Amount Bene- ative Nature or 3A. Derivative 6. of Underlying 8. ficially Secur- of Exer- Deemed 4. Securities Date Securities Price Owned ity: In- cise 3. Execu- Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of Follow- Direct direct Price Trans- tion action or Disposed Expiration Date ---------------- Deriv- ing (D) or Bene- 1. of action Date, Code of(D) (Month/Day/Year) Amount ative Reported In- ficial Title of Deriv- Date, if any (Instr. (Instr. 3, ---------------- or Secur- Transac- direct Owner- Derivative ative (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity tions(s) (I) ship Security Secur- Day/ Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) ity Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ Director $11.73 12/12/02 A(1) 50,000 (2) 12/12/2012 Common 50,000 50,000 D Stock shares Stock Option (Right to Buy) ------------------------------------------------------------------------------------------------------------------------------------ ====================================================================================================================================
Explanation of Responses: Note 1: Table II, Item 4: Granted pursuant to the Chiquita Brands International, Inc. 2002 Stock Option and Incentive Plan. Note 2: Table II, Item 6: Option vests over a 4 year period with 25% becoming exercisable on the anniversary of the date of the grant in each of 2003, 2004, 2005 and 2006. /s/ Durk I. Jager December 13, 2002 ------------------------------- ----------------- **Signature of Reporting Person Date Durk I. Jager ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. Page 2