MORAGNE MAURICE S.J. 4
4 · FARMER BROTHERS CO · Filed Jul 6, 2020
Insider Transaction Report
Form 4
MORAGNE MAURICE S.J.
Chief Sales Officer
Transactions
- Award
Common Stock
2020-07-01+10,373→ 10,373 total - Award
Stock Option (right to buy)
2020-07-01+29,761→ 29,761 totalExercise: $7.23Exp: 2027-07-01→ Common Stock (29,761 underlying)
Footnotes (2)
- [F1]Grant of restricted stock under the Farmer Bros. Co. 2020 Inducement Incentive Plan ("Plan"), granted on July 1, 2020 ("Grant Date"); the restricted stock cliff vests on the third anniversary of the Grant Date (the "Vesting Date"), subject to continued service to the Company through the Vesting Date and the acceleration provisions of the Plan and restricted stock grant agreement.
- [F2]Grant of non-qualified stock option under the Farmer Bros. Co. 2020 Inducement Incentive 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.