Sec Form 4 Filing - Bezerra Eduardo Guarita @ FRESH DEL MONTE PRODUCE INC - 2020-03-25

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Bezerra Eduardo Guarita
2. Issuer Name and Ticker or Trading Symbol
FRESH DEL MONTE PRODUCE INC [ FDP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP and CFO
(Last) (First) (Middle)
C/O FRESH DEL MONTE PRODUCE INC., P.O. BOX 149222
3. Date of Earliest Transaction (MM/DD/YY)
03/25/2020
(Street)
CORAL GABLES, FL33114
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares 03/25/2020 M 1,000 ( 1 ) A $ 0 2,169 D
Ordinary Shares 03/25/2020 M 4 ( 2 ) A $ 0 2,173 D
Ordinary Shares 03/25/2020 S( 3 ) 245 D $ 31.29 1,928 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Units ( 4 ) 03/25/2020 M 1,000 ( 5 ) ( 5 ) Ordinary Shares 1,000 $ 0 3,000 D
Dividend Equivalent Units ( 6 ) 03/25/2020 M 4 ( 6 ) ( 6 ) Ordinary Shares 4 $ 0 24.1689 D
Restricted Stock Units ( 4 ) ( 7 ) ( 7 ) Ordinary Shares 2,305 2,305 D
Performance Stock Units ( 8 ) ( 9 ) ( 9 ) Ordinary Shares 2,881 2,881 D
Performance Stock Units ( 8 ) ( 10 ) ( 10 ) Ordinary Shares 2,250 2,250 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bezerra Eduardo Guarita
C/O FRESH DEL MONTE PRODUCE INC.
P.O. BOX 149222
CORAL GABLES, FL33114
SVP and CFO
Signatures
/s/ Marlene M. Gordon, Attorney-in-fact for Eduardo Guarita Bezerra 03/26/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Vesting of second traunch of Restricted Stock Units awarded on 3/25/2019.
( 2 )Represents settlement of Dividend Equivalent Units associated with the Restricted Stock Units or Performance Stock Units vested.
( 3 )Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units.
( 4 )The Restricted Stock Units convert to Ordinary Shares on a one-for-one basis.
( 5 )Restricted Stock Units were awarded on 3/25/2019 and vest in five equal installments over four years. The remaining vestings will occur on 3/25/2021, 3/25/2022 and 3/25/23.
( 6 )Each Dividend Equivalent Unit represents a contingent right to receive one Ordinary Share. Dividend Equivalent Units are subject to the same restrictions and vesting and/or performance criteria based on the underlying Restricted Stock Units and/or Performance Stock Units to which they relate.
( 7 )Restricted Stock Units were awarded on 3/2/2020 and vest in five equal installments over four years. The remaining vestings will occur on 3/1/2021, 3/1/2022, 3/1/2023 and 3/1/2024.
( 8 )The Performance Stock Units convert to Ordinary Shares on a one-for-one basis.
( 9 )The Performance Stock Units were awarded on 3/2/2020 and are earned subject to meeting minimum performance criteria. Once earned, the Performance Stock Units vest in three equal annual installments on each of 3/1/2021, 3/1/2022 and 3/1/2023. Performance Stock Units and associated Dividend Equivalent Units will settle on the six-month anniversary after termination of employment.
( 10 )The Performance Stock Units were awarded on 7/31/2019 and are earned subject to meeting minimum performance criteria. Once earned, Performance Stock Units vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. Performance Stock Units and associated Dividend Equivalent Units will settle on the six-month anniversary after termination of employment.

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 4(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.