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FRESH DEL MONTE PRODUCE INC — Director's Dealing 2014
Apr 1, 2014
31832_dirs_2014-04-01_c3f68ee6-b986-459f-b884-a21535308982.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FRESH DEL MONTE PRODUCE INC (FDP)
CIK: 0001047340
Period of Report: 2014-03-28
Reporting Person: Mancilla Sergio (VP South America)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-28 | Dividend Equivalent Units | $27.12 | A | 46 | Acquired | Ordinary Shares (10089) | Direct |
Footnotes
F1: Dividend Equivalent Units (DEUs) were granted under the Fresh Del Monte Produce Inc. 2011 Omnibus Share Incentive Plan. Each DEU represents a contingent right to receive one ordinary share of FDP. The DEUs 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 DEUs will vest in three equal annual installments based on the underlying Restricted Stock Units (RSUs).
F2: Reflects DEUs received by the Reporting Person as a result of dividend equivalents accrued with respect to outstanding RSUs granted to the Reporting Person. Dividend equivalents are accrued at the same rate and at the same time as dividends are paid to Ordinary Shareholders. Dividend equivalents on RSUs are subject to the same restrictions and vesting conditions as the underlying RSUs.
F3: DEUs do not have an expiration date.
F4: 8,394 of these securities are RSUs, including associated DEUs which have not yet vested.