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Ownership Document |
Schema Version: X0306 |
Document Type: 4 |
Period of Report: 2/21/20 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1047340 |
| Issuer Name: FRESH DEL MONTE PRODUCE INC |
| Issuer Trading Symbol: FDP |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1663529 |
| | Owner Name: Abbas Mohammed |
| Reporting Owner Address: |
| | Owner Street 1: C/O FRESH DEL MONTE PRODUCE INC. |
| | Owner Street 2: P.O. BOX 149222 |
| | Owner City: CORAL GABLES |
| | Owner State: FL |
| | Owner ZIP Code: 33114 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: V.P. Middle East and N. Africa |
| | Other Text: |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Ordinary Shares |
| | Transaction Date: |
| | | Value: 2/21/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 600 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 8,613 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Ordinary Shares |
| | Transaction Date: |
| | | Value: 2/21/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 11 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 8,624 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Restricted Stock Unit |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Transaction Date: |
| | | Value: 2/21/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 600 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F2 |
| | Expiration Date: |
| | | Footnote ID: F2 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 600.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,200 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Transaction: |
| | Security Title: |
| | | Value: Dividend Equivalent Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F3 |
| | Transaction Date: |
| | | Value: 2/21/20 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: M |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 11 |
| | | Transaction Price Per Share: |
| Value: 0 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Exercise Date: |
| | | Footnote ID: F3 |
| | Expiration Date: |
| | | Footnote ID: F3 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 11.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 400.0398 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Exercise Date: |
| | | Footnote ID: F4 |
| | Expiration Date: |
| | | Footnote ID: F4 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 1,500.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,500 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Restricted Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F1 |
| | Exercise Date: |
| | | Footnote ID: F5 |
| | Expiration Date: |
| | | Footnote ID: F5 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 1,200.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 1,200 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F7 |
| | Expiration Date: |
| | | Footnote ID: F7 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 3,000.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,000 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Derivative Holding: |
| | Security Title: |
| | | Value: Performance Stock Units |
| | Conversion or Exercise Price: |
| | | Footnote ID: F6 |
| | Exercise Date: |
| | | Footnote ID: F8 |
| | Expiration Date: |
| | | Footnote ID: F8 |
| | Underlying Security: |
| | | Underlying Security Title: |
| Value: Ordinary Shares |
| | | Underlying Security Shares: |
| Value: 3,552.0 |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 3,552 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Footnotes: |
| Footnote - F1: The Restricted Stock Units ("RSUs") convert to Ordinary Shares on a one-for-one basis. |
| Footnote - F2: RSUs were awarded on 2/21/18 and vested in five equal installments over four years. The remaining vestings will occur on each 2/21/20, 2/21/21 and 2/21/22. |
| Footnote - F3: Each Dividend Equivalent Unit (DEU) 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. |
| Footnote - F4: The RSUs were awarded on 8/3/16 and vest in five equal installments over four years of which one is remaining on 8/3/20. |
| Footnote - F5: RSUs were awarded on 2/20/19 and vested in five equal installments over four years. The remaining vestings will occur on 2/20/21, 2/20/22 and 2/20/23. |
| Footnote - F6: The Performance Stock Units ("PSUs") convert to Ordinary Shares on a one-for-one basis. |
| Footnote - F7: The PSUs were subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP, which was met at 100%. The PSUs vest in three equal annual installments on each of 2/20/20, 2/20/21 and 2/20/21. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
| Footnote - F8: The RSUs were awarded on 2/22/17 and vest in five equal annual installments over four years of which two are remaining on each of 2/22/20 and 2/22/21. |
Remarks: |
Owner Signature: |
| Signature Name: /s/ Marlene Gordon, Attorney-in-fact for Mohammad Abbas |
| Signature Date: 2/25/20 |