Sec Form 4 Filing - Bezerra Eduardo Guarita @ FRESH DEL MONTE PRODUCE INC - 2021-03-01

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)
03/01/2021
(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 03/01/2021 M 576 A $ 0 2,504 D
Ordinary Shares 03/01/2021 M 6 A $ 0 2,510 D
Ordinary Shares 03/01/2021 S( 1 ) 138 D $ 25.81 2,372 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
Dividend Equivalent Units ( 2 ) 03/01/2021 M 6 ( 2 ) ( 2 ) Ordinary Shares 6 $ 0 131.7402 ( 3 ) D
Restricted Stock Units ( 4 ) ( 5 ) ( 5 ) Ordinary Shares 3,000 3,000 D
Restricted Stock Units ( 4 ) 03/01/2021 M 576 ( 6 ) ( 6 ) Ordinary Shares 576 $ 0 1,729 D
Restricted Stock Units ( 4 ) 03/01/2021 A 3,836 ( 7 ) ( 7 ) Ordinary Shares 3,836 $ 0 3,836 D
Performance Stock Units ( 8 ) ( 9 ) ( 9 ) Ordinary Shares 2,250 2,250 D
Performance Stock Units ( 8 ) 03/01/2021 D 489 ( 10 ) ( 11 ) ( 11 ) Ordinary Shares 489 $ 0 2,392 D
Performance Stock Units ( 8 ) 03/01/2021 A 3,836 ( 12 ) ( 12 ) Ordinary Shares 3,836 $ 0 3,836 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 03/03/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects shares sold for taxes payable upon the vesting of Restricted Stock Units ("RSUs").
( 2 )Each Dividend Equivalent Unit ("DEUs") represents 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 RSUs and/or Performance Stock Units ("PSUs") to which they relate.
( 3 )A fractional share of DEUs on the RSUs vesting was paid in cash and 5.6263 DEUs were cancelled since performance criteria on underlying PSUs were met at 83%.
( 4 )The RSUs convert to Ordinary Shares on a one-for-one basis.
( 5 )RSUs 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 )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.
( 7 )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.
( 8 )The PSUs convert to Ordinary Shares on a one-for-one basis.
( 9 )The PSUs were awarded on 7/31/2019 and are earned subject to meeting minimum performance criteria. Once earned, the PSUs vest in three equal annual installments on each of 7/31/2020, 7/31/2021 and 7/31/2022. PSUs and associated DEUs will settle on the six-month anniversary after termination of employment.
( 10 )Since the performance criteria was met at 83%, 489 PSUs previously reported on Form 4 were cancelled.
( 11 )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.
( 12 )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.

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.