4//SEC Filing
IOBST ELLEN D 4
Accession 0000034563-17-000098
CIK 0000034563other
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 8:55 PM ET
Size
12.7 KB
Accession
0000034563-17-000098
Insider Transaction Report
Form 4
IOBST ELLEN D
CHIEF OPERATIONS OFFICER
Transactions
- Award
Common Stock, $1.00 par value
2017-11-10+757→ 757 total - Award
Stock Option (right to buy)
2017-11-10+4,611→ 4,611 totalExercise: $31.70Exp: 2014-11-10→ Common Stock (4,611 underlying) - Award
Stock Option (right to buy)
2017-11-10+9,759→ 14,370 totalExercise: $31.70Exp: 2014-11-10→ Common Stock (9,759 underlying) - Award
Performance-Based Restricted Stock Units (PBRSUs)
2017-11-10+9,759→ 9,759 totalExercise: $31.70Exp: 2024-11-10→ Common Stock (9,759 underlying)
Footnotes (4)
- [F1]Grant of restricted stock under the Farmer Bros. Co. 2017 Long-Term Incentive Plan ("Plan") pursuant to the reporting person's employment agreement with the Issuer; 100% of the total shares vest on November 10, 2020 subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances.
- [F2]Grant of non-qualified stock option under the Plan pursuant to the reporting person's employment agreement with the Issuer; 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, 2018, subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances.
- [F3]Grant 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, 2018, subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances.
- [F4]Grant of performance-based restricted stock units ("PBRSUs") under the Plan. The target number of PBRSUs is presented in the table. Subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances, the PBRSUs are scheduled to vest based on achievement of certain financial performance goals for the performance period July 1, 2017 through June 30, 2020. At the end of the three-year performance period, the number of PBRSUs that actually vest will be 0% to 150% of the target amount, depending on the extent to which Farmer Bros. Co. meets or exceeds certain financial performance goals measured over the full three-year performance period. The maximum number of PBRSUs that may vest at the end of the three-year performance period is 14,638 (150% of the target amount).
Documents
Issuer
FARMER BROTHERS CO
CIK 0000034563
Entity typeother
Related Parties
1- filerCIK 0001699098
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 8:55 PM ET
- Size
- 12.7 KB