SEC Form 4 · accession 0000034563-18-000046
FARMER BROTHERS CO · FARM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael H Keown
Officer — PRESIDENT, CEO · Director
Period of report
Sep 10, 2018
Accepted (ET)
Sep 12, 2018 · 5:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000034563
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 10, 2018 | M | 23,333 | $11.81 | A | 68,405 | D | |
| Common StockF2 | Sep 10, 2018 | S | 23,333 | $28.032 | D | 45,072 | D | |
| Common Stock, $1.00 par value | holding | — | — | — | 2,710 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F3 | $11.81 | Sep 10, 2018 | M | 23,333 | D | — | Dec 7, 2019 | Common Stock | 23,333 | 205,218 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the reporting person.
- F2Open market sale of shares from 6/11/2018 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 price ranging from $28.00 to $28.0664, 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.
- F3The options to purchase shares of common stock of Farmer Bros. Co. are fully vested and immediately exercisable.