Drake Scott Ray 4
4 · FARMER BROTHERS CO · Filed Apr 2, 2020
Insider Transaction Report
Form 4
Drake Scott Ray
Chief Financial Officer
Transactions
- Award
Stock Option (right to buy)
2020-04-01+88,495→ 88,495 totalExercise: $6.72Exp: 2027-04-01→ Common Stock (88,495 underlying)
Footnotes (1)
- [F1]Grant of non-qualified stock option under the Farmer Bros. Co. 2020 Inducement Incentive 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, subject to certain continued employment conditions and subject to accelerated vesting in certain circumstances.