KEOWN MICHAEL H 4
4 · FARMER BROTHERS CO · Filed Jun 13, 2018
Insider Transaction Report
Form 4
KEOWN MICHAEL H
DirectorPRESIDENT, CEO
Transactions
- Sale
Common Stock, $1.00 par value
2018-06-11$29.62/sh−23,333$691,098→ 45,072 total - Exercise/Conversion
Common Stock, $1.00 par value
2018-06-11$11.81/sh+23,333$275,563→ 68,405 total - Exercise/Conversion
Stock Option (right to buy)
2018-06-11−23,333→ 228,551 totalExercise: $11.81Exp: 2019-12-07→ Common Stock (23,333 underlying)
Holdings
- 2,454(indirect: By ESOP)
Common Stock, $1.00 par value
Footnotes (3)
- [F1]Exercise of non-qualified stock-option granted on December 7, 2012 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 ("2007 Plan") The option vested pursuant a three year vesting schedule whereby one-third of the total number of shares issuable under the option became exercisable each year on 12/7/2013, 12/7/2014, and 12/7/2015
- [F2]This sale was made pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.
- [F3]Open market sale of shares from 06/11/2018 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 $29.45 to $29.90, 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.