Accession Number: | 0001047340-20-000226 |
Date: | 2020-07-29 |
Issuer: | FRESH DEL MONTE PRODUCE INC (FDP) |
Original Submission Date: |
ABU-GHAZALEH MOHAMMAD
C/O FRESH DEL MONTE PRODUCE INC.
P.O. BOX 149222
CORAL GABLES, FL 33114
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
ORDINARY SHARES | 2020-07-29 | S | 22,850 | d | $24.47 | 7,126,715 | direct | ||
ORDINARY SHARES | 2020-07-29 | 0 | $0.00 | 20,000 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
DIVIDEND EQUIVALENT UNITS | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | ordinary shares 1,889 | $0.00 | 1,889 | direct | ||||
EMPLOYEE STOCK OPTIONS (RIGHT TO BUY) | 26.52 | 2020-07-29 | deemed execution date | 0 ( ) | 2023-02-20 | ordinary shares 32,200 | $26.52 | 32,200 | direct | |||
EMPLOYEE STOCK OPTIONS (RIGHT TO BUY) | 28.89 | 2020-07-29 | deemed execution date | 0 ( ) | 2024-04-30 | ordinary shares 64,400 | $28.89 | 64,400 | direct | |||
RESTRICTED STOCK UNITS | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | ordinary shares 10,000 | $0.00 | 10,000 | direct | ||||
RESTRICTED STOCK UNIT | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | ordinary shares 20,000 | $0.00 | 20,000 | direct | ||||
RESTRICTED STOCK UNIT | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | ordinary shares 30,000 | $0.00 | 30,000 | direct | ||||
RESTRICTED STOCK UNITS | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | ordinary shares 40,000 | $0.00 | 40,000 | direct | ||||
PERFORMANCE STOCK UNITS | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | ordinary shares 26,668 | $0.00 | 26,668 | direct | ||||
PERFORMANCE STOCK UNITS | 0.0 | 2020-07-29 | deemed execution date | 0 ( ) | 2021-03-01 | ordinary shares 40,000 | $0.00 | 40,000 | direct |
ID | footnote |
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f1 | the sales occurred pursuant to an existing rule 10b5-1 plan adopted by the reporting person. |
f2 | represents the weighted average price of the shares sold. the reporting person upon request, will provide the securities and exchange commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. |
f3 | each dividend equivalent unit ("deus") represents a contingent right to receive one ordinary share of fdp. deus are subject to the same restrictions and vesting and/or performance criteria based on the underlying restricted stock units ("rsus") and/or performance stock units ("psus") to which they relate. |
f4 | stock options are fully vested. |
f5 | the rsus convert to ordinary shares on a one-for-one basis. |
f6 | rsus were awarded on 2/22/2017 and vest in five equal annual installments over four years of which one is remaining on 2/22/2021. |
f7 | rsus were awarded on 2/21/18 and vest in five equal installments over four years. the remaining vestings will occur on 2/21/21 and 2/21/22. |
f8 | rsus were awarded on 2/20/19 and vest in five equal installments over four years. the remaining vestings will occur on 2/20/21, 2/20/22 and 2/20/23. |
f9 | rsus were awarded on 3/2/2020 and vest in five equal installments over four years. the remaining vestings will occur on 3/1/2021, 3/1/2022, 3/1/2023 and 3/1/2024. |
f10 | the psus convert to ordinary shares on a one-for-one basis. |
f11 | the psus were awarded on 2/20/2019 subject to meeting minimum performance criteria, which was met at 100%. the psus vest in three equal annual installments on each of 2/20/2020, 2/20/2021 and 2/20/2022. psus and associated deus will settle on the six-month anniversary after termination of employment. |
f12 | the psus were awarded on 3/2/2020 and are earned subject to meeting minimum performance criteria. once earned, the psus vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. psus and associated deus will settle on the six-month anniversary after termination of employment. |