Statement of Changes in Beneficial Ownership (4)
September 09 2020 - 6:41PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Beard Charles Jr. |
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC
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FDP
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below)
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(Last)
(First)
(Middle)
C/O FRESH DEL MONTE PRODUCE INC., PO BOX 149222 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
9/4/2020 |
(Street)
CORAL GABLES, FL 33114
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Ordinary Shares | | | | | | | | 680 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Dividend Equivalent Units | (1) | 9/4/2020 | | A | | 12.80 | | (1) | (1) | Ordinary Shares | 12.8 | $0 | 12.80 | D | |
Restricted Stock Units | (2) | | | | | | | (3) | (3) | Ordinary Shares | 3113.0 | | 3113 | D | |
Explanation of Responses: |
(1) | Each Dividend Equivalent Unit ("DEUs") represent a contingent right to receive one ordinary share of FDP. DEUs are subject to the same restrictions and vesting criteria based on the underlying Restricted Stock Units ("RSUs") to which they relate. |
(2) | The RSUs convert to Ordinary Shares on a one-for-one basis. |
(3) | Represents a grant of RSUs for board service for the 2020-2021 term. 12.5% of these shares vest on each of July 31, 2020, October 31, 2020, February 28, 2021 and April 30, 2021, and the remaining 50% 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. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Beard Charles Jr. C/O FRESH DEL MONTE PRODUCE INC. PO BOX 149222 CORAL GABLES, FL 33114 | X |
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Signatures
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/s/Marlene M. Gordon, Attorney-in-Fact for Charles Beard, Jr. | | 9/9/2020 |
**Signature of Reporting Person | Date |
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