Jennifer H. Brown - Jun 30, 2021 Form 3 Insider Report for FARMER BROTHERS CO (FARM)

Role
Senior VP and General Counsel
Signature
Jennifer H. Brown
Stock symbol
FARM
Transactions as of
Jun 30, 2021
Transactions value $
$0
Form type
3
Date filed
7/7/2021, 09:41 PM
Next filing
Jul 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FARM Common Stock 4.74K Jun 30, 2021 Direct
holding FARM Common Stock (Restricted Stock Units 5-11-2020) 9.23K Jun 30, 2021 Direct F1
holding FARM Common Stock (Restricted Stock Units 12-9-2020) 17.4K Jun 30, 2021 Direct F2
holding FARM Common Stock 3.5K Jun 30, 2021 Held in the Company's 401(k) and ESOP Plans

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding FARM Stock Option (right to buy) Jun 30, 2021 Common Stock 501 $32.85 Direct F3
holding FARM Stock Option (right to buy) Jun 30, 2021 Common Stock 1.29K $31.70 Direct F4
holding FARM Stock Option (right to buy) Jun 30, 2021 Common Stock 1.85K $25.04 Direct F5
holding FARM Stock Option (right to buy) Jun 30, 2021 Common Stock 9.92K $15.94 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of 13,840 restricted stock under the Farmer Bros. Co. 2017 Long-Term Incentive Plan (the "Plan"), granted on May 11, 2020 ("Grant Date"); the restricted vests pursuant to a three year vesting schedule, whereby one-third of the total number of shares vest each year on the anniversary of the Grant Date ("Vesting Dates"), subject to continued employment with the Company through each Vesting Date and the acceleration provisions of the Plan and restricted stock grant agreement. As of the date of this form, one-third of the shares (4,613) are vested and included in the Common Stock outstanding.
F2 Grant of restricted stock under the Plan, granted on December 9, 2020 ("Grant Date"); the restricted vests pursuant to a three year vesting schedule, whereby one-third of the total number of shares vest each year on the anniversary of the Grant Date ("Vesting Dates"), subject to continued employment with the Company through each Vesting Date and the acceleration provisions of the Plan and restricted stock grant agreement.
F3 The Stock Option is fully exercisable.
F4 Grant of non-qualified stock option under the Plan on November 10, 2017; 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.
F5 Grant of non-qualified stock option on November 12, 2018 under the 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.
F6 Grant of non-qualified stock option on November 11, 2019 under the 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.