SEC Form 3
FORM 3 | UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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*
(Street)
| 2. Date of Event Requiring Statement (Month/Day/Year) 02/21/2018 | 3. Issuer Name and Ticker or Trading Symbol FRESH DEL MONTE PRODUCE INC [ FDP ] | |||||||||||||
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
| 5. If Amendment, Date of Original Filed (Month/Day/Year) | ||||||||||||||
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | (1) | (2) | Ordinary Shares | 8,141 | 0.0 | D | |
Performance Stock Units | (3) | (2) | Ordinary Shares | 2,000 | 0.0 | D |
Explanation of Responses: |
1. Restricted Stock Units (RSUs) are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each RSU and associated Dividend Equivalent Units (DEUs) represent a contingent right to receive one ordinary share of FDP. Included in the 8,141 RSUs and associated DEUs are the following RSUs: 1,600 RSUs awarded on 2/21/2018, which will vest in equal annual installments on each of 2/21/2019, 2/21/2020, 2/21/2021 and 2/21/2022; 1,043 RSUs and associated DEUs awarded on 7/30/2014, which will fully vest on 7/30/2018; 2,057 RSUs and associated DEUs awarded on 7/29/2015, which will vest in equal annual installments on each of 7/29/2018 and 7/29/2019; 1,610 RSUs and associated DEUs awarded on 8/2/2017, which will vest in equal annual installments on each of 8/2/2018, 8/2/2019 and 8/2/2020; and, 1,831 RSUs and associated DEUs awarded on 8/3/2016, which will vest in equal annual installments on each of 8/3/2018, 8/3/2019 and 8/3/2020. |
2. PSUs, RSUs and associated DEUs do not have an expiration date. |
3. Performance Stock Units (PSUs) are granted under the Fresh Del Monte Produce Inc. 2014 Omnibus Share Incentive Plan. Each PSU represents a contingent right to receive one ordinary share of FDP. The PSUs are subject to meeting minimum performance criteria set by the compensation Committee of the Board of Directors of FDP. Provided such criteria are met, the 2,000 PSUs awarded on 2/21/2018 will vest in three equal annual installments on each of 2/21/2019, 2/21/2020 and 2/21/2021. |
Remarks: |
On February 21, 2018, the Company's Board of Directors appointed Helmuth Lutty to serve as SVP, Shipping Operations, effective close of business January, 1 2018. Helmuth Lutty became subject to Section 16 of the Securities Exchange Act of 1934 on February 21, 2018. |
/s/ Bruce Jordan, Attorney-in-fact for Helmuth Lutty | 02/23/2018 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |