SEC Form 4 · accession 0001209191-15-016236
FARMER BROTHERS CO · FARM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas W Mortensen
Officer — SR VP Route Sales
Period of report
Feb 19, 2015
Accepted (ET)
Feb 19, 2015 · 6:18 pm EST
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, $1.00 Par Value | Feb 19, 2015 | M | 3,000 | $22.70 | A | 25,649 | D | |
| Common Stock, $1.00 Par ValueF2 | Feb 19, 2015 | S | 3,000 | $23.9228 | D | 22,649 | D |
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)F1 | $22.70 | Feb 19, 2015 | M | 3,000 | D | — | Feb 20, 2015 | Common Stock | 3,000 | 41,522 | D |
Explanation of responses
- F1Exercise of non-qualified stock option granted on 2/20/2008 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 options 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 2/20/2009, 2/20/2010 and 2/20/2011.
- F2Open market sale of shares from 2/19/2015 stock option exercise, with a portion of the proceeds delivered to the issuer for payment of the exercise price of the options. This transaction was executed in multiple trades at prices ranging from $23.85 to $24.00; 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.