4//SEC Filing
FRENCH RICHARD L 4
Accession 0001127602-10-023870
CIK 0000866873other
Filed
Sep 26, 8:00 PM ET
Accepted
Sep 27, 5:58 PM ET
Size
12.5 KB
Accession
0001127602-10-023870
Insider Transaction Report
Form 4
FRENCH RICHARD L
SVP, Treas., CAO and Contr
Transactions
- Award
Common Stock, $0.01, Par Value
2010-09-23+6,600→ 57,686 total - Award
Stock Option (right To Purchase)
2010-09-23+46,100→ 46,100 totalExercise: $12.64Exp: 2020-09-23→ Common Stock, $0.01, Par Value (46,100 underlying) - Award
Performance Share
2010-09-23+21,900→ 78,750 totalExercise: $0.00→ Common Stock, $0.01, Par Value (21,900 underlying)
Holdings
- 6,289(indirect: By 401(k))
Common Stock, $0.01, Par Value
Footnotes (10)
- [F1]Restricted Stock Units that vest 25% on second anniversary of grant date, 25% on third anniversary of grant date and 50% on fourth anniversary of grant date.
- [F10]Includes performance share units previously reported voluntarily with different vesting terms.
- [F2]This entry reflects the grant of Restricted Stock Units and accordingly the price is left blank.
- [F3]Includes 23,100 Performance Accelerated Restricted Stock Units (PARS) and 6,600 Restricted Stock Units (RSU).
- [F4]Reflects the reporting person's interest in equivalent shares held by the unitized stock fund in the Del Monte 401(k) savings plan (Plan). The unitized stock fund consists of Del Monte common stock (approximately 96% of the fund value) and cash or cash equivalents (approximately 4% of the fund value). The number of shares attributed to the reporting person as a Plan participant and expressed as equivalent shares has been calculated based on the closing price of Del Monte common stock on the date of the reported transaction and may change from time to time without the volition of the reporting person depending on the fair market value of Del Monte common stock and the amount of cash in the fund.
- [F5]Options generally vest 25% per year for four (4) years beginning with the first anniversary of the transaction date.
- [F6]1 performance share unit for 1 share of common stock.
- [F7]Represents maximum number of shares of common stock which may be earned in connection with the 9/23/10 grant of performance share units. The target number of shares associated with the grant is 14,600.
- [F8]Vesting of performance share units is based on the Company's level of achievement of Relative Total Shareholder Return (RTSR) over the performance period.
- [F9]Performance share units either vest or forfeit based on the Company's level of achievement of RTSR over the performance period. Because vesting of the performance share units is tied to a performance measure that is not solely the Company's stock price (due to the impact of Company dividends and comparator group performance on RTSR), the performance share units may not currently be considered "derivative securities" under applicable rules and accordingly, to such extent, the Reporting Person may be considered to have reported these performance share units voluntarily.
Documents
Issuer
DEL MONTE FOODS CO
CIK 0000866873
Entity typeother
Related Parties
1- filerCIK 0001243122
Filing Metadata
- Form type
- 4
- Filed
- Sep 26, 8:00 PM ET
- Accepted
- Sep 27, 5:58 PM ET
- Size
- 12.5 KB