SEC Info - Fresh Del Monte Produce Inc - ‘10-Q’ for 7/2/10

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Fresh Del Monte Produce Inc – ‘10-Q’ for 7/2/10 – ‘XML.R13’

On: Tuesday, 8/3/10, at 2:08pm ET · For: 7/2/10 · Accession #: 1157523-10-4628 · File #: 333-07708

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/03/10  Fresh Del Monte Produce Inc       10-Q        7/02/10   40:3.9M                                   Business Wire/FA

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Fresh Del Monte Produce Inc. 10-Q                   HTML    571K 
 2: EX-10.1     Material Contract                                   HTML     53K 
 3: EX-10.2     Material Contract                                   HTML     39K 
 4: EX-10.3     Material Contract                                   HTML     53K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     18K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     18K 
 7: EX-32       Certification -- §906 - SOA'02                      HTML     17K 
31: XML         IDEA XML File -- Definitions and References          XML     81K 
37: XML         IDEA XML File -- Filing Summary                      XML     49K 
35: XML.R1      Document Information                                 XML     59K 
36: XML.R2      Entity Information                                   XML    139K 
21: XML.R3      Consolidated Balance Sheets                          XML    346K 
25: XML.R4      Consolidated Balance Sheets Parentheticals           XML    130K 
29: XML.R5      Consolidated Statements of Income (Unaudited)        XML    286K 
28: XML.R6      Consolidated Statements of Cash Flows (Unaudited)    XML    381K 
39: XML.R7      General                                              XML     40K 
17: XML.R8      Recently Issued Accounting Pronouncement             XML     36K 
27: XML.R9      Asset Impairment and Other Charges                   XML     76K 
16: XML.R10     Noncontrolling Interests                             XML     48K 
15: XML.R11     Uncertain Tax Positions                              XML     35K 
20: XML.R12     Variable Interest Entities                           XML     37K 
33: XML.R13     Stock-Based Compensation                             XML     56K 
22: XML.R14     Inventories                                          XML     45K 
23: XML.R15     Long-Term Debt and Capital Lease Obligations         XML     37K 
26: XML.R16     Comprehensive Income                                 XML     71K 
40: XML.R17     Commitments and Contingencies                        XML     66K 
19: XML.R18     Earnings Per Share                                   XML     74K 
14: XML.R19     Retirement and Other Employee Benefits               XML     56K 
24: XML.R20     Business Segment Data                                XML     80K 
32: XML.R21     Derivative Financial Instruments                     XML    151K 
18: XML.R22     Fair Value Measurements                              XML     93K 
30: XML.R23     Shareholders' Equity                                 XML     38K 
38: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    597K 
 8: EX-101.INS  XBRL Instance -- fdp-20100702                        XML    639K 
10: EX-101.CAL  XBRL Calculations -- fdp-20100702_cal                XML     95K 
11: EX-101.DEF  XBRL Definitions -- fdp-20100702_def                 XML    180K 
12: EX-101.LAB  XBRL Labels -- fdp-20100702_lab                      XML    339K 
13: EX-101.PRE  XBRL Presentations -- fdp-20100702_pre               XML    226K 
 9: EX-101.SCH  XBRL Schema -- fdp-20100702                          XSD     58K 
34: ZIP         XBRL Zipped Folder -- 0001157523-10-004628-xbrl      Zip     68K

‘XML.R13’ — Stock-Based Compensation

This Financial Report is an XBRL XML File.

<?xml version="1.0" encoding="windows-1252"?>

<hasSegments> false </hasSegments>

<ReportName> Stock-Based Compensation </ReportName>

<ReportLongName> 000160 - Disclosure - Stock-Based Compensation </ReportLongName>

<ShowElementNames> false </ShowElementNames>

<HasEmbeddedReports> false </HasEmbeddedReports>

<LabelColumn> false </LabelColumn>

</Labels>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<Units>

<Unit>

<UnitType> Standard </UnitType>

</StandardMeasure>

</Unit>

<Unit>

<UnitID> USDperShare </UnitID>

<UnitType> Divide </UnitType>

</NumeratorMeasure>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

<MeasureNamespace> xbrli </MeasureNamespace>

</DenominatorMeasure>

</Unit>

<Unit>

<UnitID> Shares </UnitID>

<UnitType> Standard </UnitType>

<MeasureSchema> http://www.xbrl.org/2003/instance </MeasureSchema>

<MeasureValue> shares </MeasureValue>

<MeasureNamespace> xbrli </MeasureNamespace>

</StandardMeasure>

</Unit>

</Units>

</Column>

</Columns>

<Rows>

<Row>

<Label> Stock Based Compensation [Abstract] </Label>

<ElementName> fdp_StockBasedCompensationAbstract </ElementName>

<IsBaseElement> false </IsBaseElement>

<PeriodType> duration </PeriodType>

<ShortDefinition> No definition available. </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

<IsSegmentTitle> false </IsSegmentTitle>

<IsSubReportEnd> false </IsSubReportEnd>

<IsCalendarTitle> false </IsCalendarTitle>

<IsTuple> false </IsTuple>

<IsEquityPrevioslyReportedAsRow> false </IsEquityPrevioslyReportedAsRow>

<IsEquityAdjustmentRow> false </IsEquityAdjustmentRow>

<IsBeginningBalance> false </IsBeginningBalance>

<IsEndingBalance> false </IsEndingBalance>

<IsReverseSign> false </IsReverseSign>

<IsEPS> false </IsEPS>

<Cells>

<Cell>

<ShowCurrencySymbol> false </ShowCurrencySymbol>

<IsNumeric> false </IsNumeric>

<IsRatio> false </IsRatio>

<DisplayZeroAsNone> false </DisplayZeroAsNone>

<hasSegments> false </hasSegments>

<hasScenarios> false </hasScenarios>

<DisplayDateInUSFormat> false </DisplayDateInUSFormat>

</Cell>

</Cells>

<ElementDataType> xbrli:stringItemType </ElementDataType>

<SimpleDataType> string </SimpleDataType>

<ElementDefenition> No definition available. </ElementDefenition>

<IsTotalLabel> false </IsTotalLabel>

</Row>

<Row>

<Label> Stock-Based Compensation [Text Block] </Label>

<ElementName> us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock </ElementName>

<PeriodType> duration </PeriodType>

<ShortDefinition> No definition available. </ShortDefinition>

<IsReportTitle> false </IsReportTitle>

<IsSegmentTitle> false </IsSegmentTitle>

<IsSubReportEnd> false </IsSubReportEnd>

<IsCalendarTitle> false </IsCalendarTitle>

<IsTuple> false </IsTuple>

<IsAbstractGroupTitle> false </IsAbstractGroupTitle>

<IsEquityPrevioslyReportedAsRow> false </IsEquityPrevioslyReportedAsRow>

<IsEquityAdjustmentRow> false </IsEquityAdjustmentRow>

<IsBeginningBalance> false </IsBeginningBalance>

<IsEndingBalance> false </IsEndingBalance>

<IsReverseSign> false </IsReverseSign>

<IsEPS> false </IsEPS>

<Cells>

<Cell>

<ShowCurrencySymbol> false </ShowCurrencySymbol>

<IsNumeric> false </IsNumeric>

<IsRatio> false </IsRatio>

<DisplayZeroAsNone> false </DisplayZeroAsNone>

<div class="BWxbrlnote7"><div style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><div><div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: left"> <a id="xbrlnote7" name="xbrlnote7" style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">7. Stock-Based Compensation</a> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: left"> Stock-based compensation expense included in selling, general and administrative expenses related to stock options on a straight-line, single award basis and restricted stock awards included in the accompanying Consolidated Statements of Income was as follows (U.S. dollars in millions, except per share data): </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> <table cellpadding="0" cellspacing="0" width="80%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr> <td valign="bottom" width="52%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2px"> </td> <td colspan="7" valign="bottom" width="23%" style="BORDER-BOTTOM: black 2px solid"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> Quarter ended </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2px"> </td> <td colspan="7" valign="bottom" width="23%" style="BORDER-BOTTOM: black 2px solid"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> Six months ended </div> </td> </tr> <tr> <td valign="bottom" width="52%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="3" valign="bottom" width="11%"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> July 2, </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="3" valign="bottom" width="11%"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> June 26, </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="3" valign="bottom" width="11%"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> July 2, </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="3" valign="bottom" width="11%"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> June 26, </div> </td> </tr> <tr> <td valign="bottom" width="52%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; PADDING-BOTTOM: 2px"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2px"> </td> <td colspan="3" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> 2010 </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2px"> </td> <td colspan="3" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> 2009 </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2px"> </td> <td colspan="3" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> 2010 </div> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; PADDING-BOTTOM: 2px"> </td> <td colspan="3" valign="bottom" width="11%" style="BORDER-BOTTOM: black 2px solid"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: center"> 2009 </div> </td> </tr> <tr> <td valign="bottom" width="52%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="2" valign="bottom" width="10%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="2" valign="bottom" width="10%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="2" valign="bottom" width="10%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td colspan="2" valign="bottom" width="10%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> </tr> <tr bgcolor="#CCEEFF"> <td align="left" valign="bottom" width="52%"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: left"> Stock-based compensation expense </div> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 2.5 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 1.5 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 4.5 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 3.8 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> </tr> <tr bgcolor="white"> <td valign="bottom" width="52%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> </tr> <tr bgcolor="#CCEEFF"> <td align="left" valign="bottom" width="52%"> <div style="DISPLAY: block; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: left"> Stock-based compensation expense per diluted share </div> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 0.04 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 0.02 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 0.07 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> <td align="right" valign="bottom" width="1%" style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> $ </td> <td valign="bottom" width="9%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: right"> 0.06 </td> <td valign="bottom" width="1%" style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; TEXT-ALIGN: left"> </td> </tr> </table> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> We are in a net operating loss carry-forward position in the relevant jurisdictions. Therefore, for the quarter and six months ended July 2, 2010, excess share-based payment deductions resulting from stock options exercised in these periods have not been realized through a reduction in taxes currently payable or related effect on cash flows. Proceeds of $0.2 million were received from the exercise of stock options for the six months ended July 2, 2010. There were no proceeds received from the exercise of stock options for the six months ended June 29, 2009. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt; TEXT-ALIGN: left"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On May 5, 2010, our shareholders approved and ratified the 2010 Non-Employee Directors Equity Plan (the "Directors Equity Plan"), which awards restricted stock to non-management members of our Board of Directors. Under the Directors Equity Plan, the initial award of restricted stock was made on May 5, 2010, the effective date of the plan, and future awards will be made on January 1st of each calendar year beginning in 2011. A share of "restricted stock" is one ordinary share of the Company that has restrictions on transferability until certain vesting conditions have been met. The number of ordinary shares that may be covered by awards granted under the Directors Equity Plan will be limited to a total of 150,000 ordinary shares. Fifty percent of each award of restricted stock granted under the Directors Equity Plan will vest on the date on which it was granted. The remaining 50% of each award will vest upon the six-month anniversary of the date on which the recipient ceases to serve as a member of the Board of Directors. The provision in the Director's Equity Plan that allows directors to retain all of their awards once they cease to serve as a member of the Board of Directors is considered a nonsubstantive service condition in accordance with the guidance provided by the ASC on "<font style="DISPLAY: inline; FONT-STYLE: italic">Compensation - Stock Compensation</font>".<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman">Accordingly, it is appropriate to recognize compensation cost immediately for restricted stock awards granted to non-management members of the Board of Directors. </font> </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On May 5, 2010, we awarded 32,956 restricted shares from our Directors Equity Plan at a price of $21.24 per share. Stock-based compensation expense related to this grant was $0.7 million for the quarter and six months ended July 2, 2010. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On March 3, 2010, we granted 161,000 stock options from our 1999 Share Incentive Plan (the "1999 Plan") to our Chairman and Chief Executive Officer with a grant date fair value of $7.46 per option and an exercise price of $20.13 per option. These options vested 20% on the grant date and then will vest 20% on each of the next four anniversary dates. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On May 1, 2009, we granted 30,000 stock options from our 1999 Plan to a non-management member of our Board of Directors with a grant date fair value of $6.22 per option and an exercise price of $14.77 per option. These options vested 20% on the grant date and then will vest 20% on each of the next four anniversary dates. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On February 25, 2009, we granted 161,000 stock options from our 1999 Plan to our Chairman and Chief Executive Officer with a grant date fair value of $8.11 per option and an exercise price of $19.83 per option. These options vested 20% on the grant date and then will vest 20% on each of the next four anniversary dates. </div> <div style="DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> </div> <div style="DISPLAY: block; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt; TEXT-INDENT: 0pt; text-align: justify"> On February 25, 2009, we granted, in equal amounts, stock options from our 1999 Plan totaling 43,750 to seven non-management members of our Board of Directors with a grant date fair value of $7.33 per option and an exercise price of $19.83 per option. These options vested 100% on the grant date. </div> <div style="DISPLAY: block; TEXT-INDENT: 0pt"> <br /> </div> </div></div></div></div>

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1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 2/24/21  Fresh Del Monte Produce Inc.      10-K        1/01/21  124:21M

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Filing Submission 0001157523-10-004628 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Fresh Del Monte Produce Inc – ‘10-Q’ for 7/2/10 – ‘XML.R13’

On: Tuesday, 8/3/10, at 2:08pm ET · For: 7/2/10 · Accession #: 1157523-10-4628 · File #: 333-07708

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Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R13’ — Stock-Based Compensation

This Financial Report is an XBRL XML File.

1 Subsequent Filing that References this Filing

Quarterly Report — Form 10-Q — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents