FARMER BROTHERS CO 4
4 · FARMER BROTHERS CO · Filed Feb 11, 2015
Insider Transaction Report
Form 4
PETH RENE ELAINE
Other
Transactions
- Award
Stock Option (right to buy)
2015-02-09$23.44/sh+2,699$63,265→ 5,112 totalExercise: $23.44Exp: 2022-02-09→ Common Stock (2,699 underlying)
Footnotes (1)
- [F1]Grant of non-qualified stock option under the Farmer Bros. Co. Amended and Restated 2007 Long-Term Incentive Plan ("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 February 9, 2016, based on the Company's achievement of a modified net income target for each fiscal year of the performance period as approved by the Compensation Committee, subject to catch-up vesting of previously unvested shares in a subsequent year within the three year period in which a cumulative modified net income target as approved by the Compensation Committee is achieved and the acceleration provisions of the Plan and stock option agreement, and subject to the participant's employment by the Company or service on the Board of Directors of the Company on the applicable vesting date.