AI assistant
FARMER BROTHERS CO — Director's Dealing 2016
Jun 14, 2016
34716_dirs_2016-06-14_0b418f10-cad4-4e7a-aed5-b4420a90d5c2.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: FARMER BROTHERS CO (FARM)
CIK: 0000034563
Period of Report: 2016-06-10
Reporting Person: KEOWN MICHAEL H (Director, President, CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2016-06-10 | Common Stock, $1.00 par value | M | 12000 | $6.96 | Acquired | 59242 | Direct |
| 2016-06-10 | Common Stock, $1.00 par value | S | 12000 | $30.1389 | Disposed | 47242 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2016-06-10 | Stock Option (right to buy) | $6.96 | M | 12000 | Disposed | 2019-05-11 | Common Stock (12000) | Direct |
Footnotes
F1: Exercise of non-qualified stock option granted on May 11, 2012 under the Farmer Bros. Co. 2007 Omnibus Plan prior to its amendment and restatement in the form of the Farmer Bros. Co. Amended and Restated 2007 Long-Term Incentive Plan. The option vested pursuant to a three year vesting schedule whereby one-third of the total number of shares issuable under the option became exercisable each year on 5/11/2013, 5/11/2014 and 5/11/2015.
F2: Includes a total of 2,170 shares (including 544 shares in fiscal 2016) allocated as of the reporting date to the reporting person pursuant to the Farmer Bros. Co. Employee Stock Ownership Plan.
F3: This sale was made pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
F4: Open market sale of shares from 6/10/2016 stock option exercise, with a portion of the proceeds delivered to the issuer for payment of the exercise price of the option. This transaction was executed in multiple trades at prices ranging from $29.87 to $30.25; the price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide full
information regarding the number of shares and prices at which the transactions were effected upon request to the SEC staff, the issuer, or a security holder of the issuer. The reporting person continues to meet the Company's stock ownership guidelines.