FARMER BROTHERS CO 4
4 · FARMER BROTHERS CO · Filed Dec 16, 2013
Insider Transaction Report
Form 4
HARDING MARK A
SR. V.P. OPERATIONS
Transactions
- Award
Stock option (right to buy)
2013-12-12+7,519→ 97,970 totalExercise: $21.33Exp: 2020-12-12→ Common Stock (7,519 underlying)
Footnotes (1)
- [F1]Grant of non-qualified stock option under the Farmer Bros. Co. Amended and Restated 2007 Long-Term Incentive Plan; one-third of the total number of shares subject to each stock option will vest on the first anniversary of the grant date based on the Company's achievement of a modified net income target for the first fiscal year of the performance period as approved by the Compensation Committee, and the remaining two-thirds of the total number of shares subject to each stock option will vest on the third anniversary of the grant date based on the Company's achievement of a cumulative modified net income target for all three years during the performance period as approved by the Compensation Committee, in each case, subject to the participant's employment by the Company or service on the Board of Directors of the Company on the applicable vesting date.