Form Type: 4

SEC EDGAR Link
Accession Number:0001047340-20-000226
Date:2020-07-29
Issuer: FRESH DEL MONTE PRODUCE INC (FDP)
Original Submission Date:

Reporting Person:

ABU-GHAZALEH MOHAMMAD
C/O FRESH DEL MONTE PRODUCE INC.
P.O. BOX 149222 CORAL GABLES, FL 33114

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature 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
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
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 ExercisableExpiration 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
Footnotes
IDfootnote
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.
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