4//SEC Filing
FARMER BROTHERS CO 4
Accession 0001209191-16-149905
$FARMCIK 0000034563operating
Filed
Nov 13, 7:00 PM ET
Accepted
Nov 14, 6:11 PM ET
Size
6.1 KB
Accession
0001209191-16-149905
Insider Transaction Report
Form 4
MATTEI THOMAS J JR
GENERAL COUNSEL
Transactions
- Award
Stock Option (right to buy)
2016-11-10+9,768→ 29,249 totalExercise: $32.85Exp: 2023-11-10→ Common Stock (9,768 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 November 10, 2017, based on the Company's achievement of a modified net income target for fiscal 2017 ("Target") as approved by the Compensation Committee, 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. Twenty percent (20%) of the total number of shares subject to each stock option will be forfeited if the Company's actual modified net income for fiscal 2017 is lower than the Target.
Documents
Issuer
FARMER BROTHERS CO
CIK 0000034563
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000034563
Filing Metadata
- Form type
- 4
- Filed
- Nov 13, 7:00 PM ET
- Accepted
- Nov 14, 6:11 PM ET
- Size
- 6.1 KB