FRESH DEL MONTE PRODUCE INC 4
4 · FRESH DEL MONTE PRODUCE INC · Filed Sep 10, 2013
Insider Transaction Report
Form 4
Young Thomas R
SVP R&D & Agri Services
Transactions
- Award
Dividend Equivalent Units
2013-09-06+43→ 43 totalExercise: $29.41→ Ordinary Shares (10,093 underlying)
Footnotes (4)
- [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]All of these securities are RSUs and are not vested.