SEC Form 4 · accession 0000925421-17-000081
Farmland Partners Inc. · FPI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert L. Cowan
Officer — President
Period of report
Feb 2, 2017
Accepted (ET)
Feb 6, 2017 · 4:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001591670
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Feb 2, 2017 | A | 6,757 | — | A | 6,757 | D | |
| Common StockF3 | Feb 2, 2017 | A | 87,642 | $0.00 | A | 94,399 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Reflects shares received by Mr. Cowan in exchange for 9,111 shares of common stock of American Farmland Company ("AFCO") pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 12, 2016, by and among Farmland Partners Inc. ("FPI"), Farmland Partners Operating Partnership, LP, Farmland Partners OP GP, LLC, FPI Heartland, LLC, FPI Heartland Operating Partnership, LP, FPI Heartland GP LLC, AFCO and American Farmland Company L.P. Upon the closing of the transactions contemplated by the Merger Agreement, each share of AFCO common stock was converted into the right to receive 0.7417 shares of FPI common stock.
- F2On the date immediately prior to the effective time of the merger, the closing price of FPI's common stock was $11.41 per share and the closing price of AFCO's common stock was $8.65 per share.
- F3Reflects shares of restricted stock granted to Mr. Cowan upon commencement of his employment as President of FPI, which shares will vest ratably over the first three anniversaries of the date of grant.