Statement of Changes in Beneficial Ownership (4)
June 04 2021 - 5:52PM
Edgar (US Regulatory)
FORM 4
[ ]
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
*
Mancilla Sergio |
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC
[
FDP
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) VP South America |
(Last)
(First)
(Middle)
C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
6/2/2021 |
(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 | 6/2/2021 | | S | | 625 | D | $33.56 | 1247 | 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) | | | | | | | (1) | (1) | Ordinary Shares | 1776.1096 | | 1776.1096 | D | |
Restricted Stock Units | (2) | | | | | | | (3) | (3) | Ordinary Shares | 400.0 | | 400 | D | |
Restricted Stock Units | (2) | | | | | | | (4) | (4) | Ordinary Shares | 1262.0 | | 1262 | D | |
Restricted Stock Units | (2) | | | | | | | (5) | (5) | Ordinary Shares | 2596.0 | | 2596 | D | |
Performance Stock Units | (6) | | | | | | | (7) | (7) | Ordinary Shares | 5000.0 | | 5000 | D | |
Performance Stock Units | (6) | | | | | | | (8) | (8) | Ordinary Shares | 5000.0 | | 5000 | D | |
Performance Stock Units | (6) | | | | | | | (9) | (9) | Ordinary Shares | 4750.0 | | 4750 | D | |
Performance Stock Units | (6) | | | | | | | (10) | (10) | Ordinary Shares | 4000.0 | | 4000 | D | |
Performance Stock Units | (6) | | | | | | | (11) | (11) | Ordinary Shares | 1776.0 | | 1776 | D | |
Performance Stock Units | (6) | | | | | | | (12) | (12) | Ordinary Shares | 2000.0 | | 2000 | D | |
Performance Stock Units | (6) | | | | | | | (13) | (13) | Ordinary Shares | 1745.0 | | 1745 | D | |
Performance Stock Units | (6) | | | | | | | (14) | (14) | Ordinary Shares | 2596.0 | | 2596 | 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 and/or performance criteria based on the underlying Restricted Stock Units ("RSUs") and/or Performance Stock Units ("PSUs") to which they relate. |
(2) | The RSUs convert to Ordinary Shares on a one-for-one basis. |
(3) | RSUs were awarded on 2/20/19 and vest in five equal installments over four years. The remaining vestings will occur on 2/20/22 and 2/20/23. |
(4) | RSUs were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2022, 3/1/2023 and 3/1/2024. |
(5) | The RSUs were awarded on 3/1/2021 and vest in three equal installments over three years. The vestings will occur on each 3/1/2022, 3/1/2023 and 3/1/2024. |
(6) | The PSUs convert to Ordinary Shares on a one-for-one basis. |
(7) | The PSUs were awarded 2/20/2013 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/20/2014, 2/20/2015 and 2/20/2016. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
(8) | The PSUs were awarded 2/19/2014 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/19/2015, 2/19/2016 and 2/19/2017. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
(9) | The PSUs were awarded 2/18/2015 subject to meeting minimum performance criteria, which was met at 95%. The PSUs vested in three equal annual installments on each of 2/18/2016, 2/18/2017 and 2/18/2018. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
(10) | The PSUs were awarded 2/24/2016 subject to meeting minimum performance criteria, which was met at 100%. The PSUs vested in three equal annual installments on each of 2/24/2017, 2/24/2018 and 2/24/2019. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
(11) | The PSUs were awarded on 2/22/2017 subject to meeting minimum performance criteria, which was met at 88.8%. The PSUs vested between 2/22/2018 and 2/22/2020. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
(12) | The PSUs were awarded 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. |
(13) | The PSUs were awarded on 3/2/2020 subject to meeting minimum performance criteria, which was met at 83%. 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. |
(14) | The PSUs were awarded on 3/1/2021 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 3/1/2022, 3/1/2023 and 3/1/2024. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Mancilla Sergio C/O FRESH DEL MONTE PRODUCE INC. P.O. BOX 149222 CORAL GABLES, FL 33114 |
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| VP South America |
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Signatures
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/s/ Marlene M. Gordon, Attorney-in-fact for Sergio Mancilla | | 6/4/2021 |
**Signature of Reporting Person | Date |
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