SEC Form 4 · accession 0001209191-15-079687
FARMER BROTHERS CO · FARM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Isaac Newton Johnston Jr.
Officer — TREASURER, CFO
Period of report
Nov 10, 2015
Accepted (ET)
Nov 12, 2015 · 4:17 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 valueF1 | Nov 10, 2015 | A | 2,824 | $0.00 | A | 2,824 | 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)F2 | $29.51 | Nov 10, 2015 | A | 14,172 | A | — | Nov 10, 2022 | Common Stock | 14,172 | 14,172 | D |
Explanation of responses
- F1Grant of restricted stock under the Farmer Bros. Co. Amended and Restated 2007 Long-Term Incentive Plan ("Plan"), granted on November 10, 2015; 100% of the total shares vest on November 10, 2018, subject to acceleration provisions of the Plan and restricted stock agreement.
- F2Grant of non-qualified stock option under the Plan; the stock option vests pursuant to a three year vesting schedule, whereby one-third of the total number of shares issuable under the option becomes exercisable each year on the anniversary of the grant date, commencing on November 10, 2016, subject to acceleration provisions of the Plan and stock option agreement.