4//SEC Filing
Farmland Partners Inc. 4
Accession 0000925421-17-000084
$FPICIK 0001591670operating
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 4:22 PM ET
Size
8.5 KB
Accession
0000925421-17-000084
Insider Transaction Report
Form 4
GIMBEL THOMAS S T
Director
Transactions
- Award
Common Stock
2017-02-02+20,877→ 20,877 total - Award
OP Units
2017-02-02+61,132→ 61,132 total→ Common Stock (61,132 underlying)
Footnotes (4)
- [F1]Received in exchange for 18,076 shares of common stock of American Farmland Company ("AFCO") and 10,074 AFCO restricted stock units ("AFCO RSUs") pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 12, 2016, by and among Farmland Partners Inc. ("FPI"), Farmland Partners Operating Partnership, LP (the "Operating Partnership"), Farmland Partners OP GP, LLC, FPI Heartland, LLC, FPI Heartland Operating Partnership, LP, FPI Heartland GP LLC, AFCO and American Farmland Company L.P. ("AFCO OP"). Upon the closing of the transactions contemplated by the Merger Agreement, each share of AFCO common stock and each AFCO RSU that became fully earned and vested upon closing of the transactions contemplated by the Merger Agreement was converted into the right to receive 0.7417 shares of FPI common stock.
- [F2]On the date immediately prior to the effective time of the merger, the closing price of FPI's common stock was $11.41 per share and the closing price of AFCO's common stock was $8.65 per share.
- [F3]Represents units of limited partnership interest ("OP Units") in the Operating Partnership. FPI is the sole member of the general partner of the Operating Partnership. Beginning on the first anniversary of issuance, each OP Unit is redeemable for cash equal to the then-current market value of one share of FPI common stock or, in FPI's sole discretion, one share of FPI common stock. OP Units have no expiration date.
- [F4]Received in exchange for 82,422 units of limited partnership interest ("AFCO OP Units") in AFCO OP pursuant to the Merger Agreement. Upon the closing of the transactions contemplated by the Merger Agreement, each AFCO OP Unit was converted into the right to receive 0.7417 OP Units.
Documents
Issuer
Farmland Partners Inc.
CIK 0001591670
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0001591670
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 4:22 PM ET
- Size
- 8.5 KB