0001047340-16-000565.txt : 20160808
0001047340-16-000565.hdr.sgml : 20160808
20160808161055
ACCESSION NUMBER: 0001047340-16-000565
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160804
FILED AS OF DATE: 20160808
DATE AS OF CHANGE: 20160808
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FRESH DEL MONTE PRODUCE INC
CENTRAL INDEX KEY: 0001047340
STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100]
IRS NUMBER: 000000000
STATE OF INCORPORATION: E9
FISCAL YEAR END: 1227
BUSINESS ADDRESS:
STREET 1: 241 SEVILLA AVENUE, 12TH FLOOR
STREET 2: C/O DEL MONTE FRESH PRODUCE CO
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
BUSINESS PHONE: 3055208400
MAIL ADDRESS:
STREET 1: C/O DEL MONTE FRESH PRODUCE COMPANY
STREET 2: 241 SEVILLA AVENUE, 12TH FLOOR
CITY: CORAL GABLES
STATE: FL
ZIP: 33134
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RICE PAUL
CENTRAL INDEX KEY: 0001416758
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 333-07708
FILM NUMBER: 161814272
MAIL ADDRESS:
STREET 1: P.O. BOX 149222
CITY: CORAL GABLES
STATE: FL
ZIP: 33114-9222
4
1
wf-form4_147068704222535.xml
FORM 4
X0306
4
2016-08-04
0
0001047340
FRESH DEL MONTE PRODUCE INC
FDP
0001416758
RICE PAUL
C/O FRESH DEL MONTE PRODUCE INC.
P.O. BOX 149222
CORAL GABLES
FL
33114
0
1
0
0
SVP, North America Operations
Ordinary Shares
2016-08-04
4
M
0
2000
0
A
4258
D
Ordinary Shares
2016-08-04
4
S
0
532
59.67
D
3726
D
Ordinary Shares
2016-08-04
4
M
0
5000
24.29
A
8726
D
Ordinary Shares
2016-08-04
4
M
0
5000
28.09
A
13726
D
Ordinary Shares
2016-08-04
4
S
0
10000
60.13
D
3726
D
Ordinary Shares
2016-08-04
4
S
0
2258
60.10
D
1468
D
Ordinary Shares
2016-08-05
4
S
0
1468
60
D
0
D
Restricted Stock Units
59.83
2016-08-04
4
M
0
2000
0
D
Ordinary Shares
2000.0
8000
D
Employee Stock Options (Right to Buy)
24.29
2016-08-04
4
M
0
5000
0
D
2022-08-01
Ordinary Shares
5000.0
0
D
Employee Stock Options (Right to Buy)
28.09
2016-08-04
4
M
0
5000
0
D
2023-07-31
Ordinary Shares
5000.0
5000
D
Transaction Date reflects the date on which the Sell to Cover and conversion of the Restricted Stock Units (RSU), which vested on 8/3/2016 occurred.
Represents the number of ordinary shares that were acquired in connection with the settlement of the RSUs listed in Table II.
Represents 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 witholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the reporting person.
This represents the weighted average sales price of the shares. The shares were sold at a price ranging from $59.52 to $60.33. Mr. Rice will provide, upon request of the SEC staff, Fresh Del Monte Produce Inc., or a shareholder of Fresh Del Monte Produce Inc., complete information regarding the number of shares sold at each price within the range.
RSUs 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 on each of 8/3/2017, 8/3/2018, 8/3/2019 and 8/3/2020.
RSUs do not have an expiration date.
The option is currently exercisable with respect to all shares.
The option is currently exercisable with respect to 5000 shares and will become exercisable with respect to an additional 5000 shares on 7/31/2017.
/s/ Bruce Jordan, Attorney-in-fact for Paul Rice
2016-08-08