Luca Fabbri - 04 Oct 2021 Form 4 Insider Report for Farmland Partners Inc. (FPI)

Role
CFO and Treasurer
Signature
/s/ Justin R. Salon, as attorney-in-fact for Luca Fabbri
Issuer symbol
FPI
Transactions as of
04 Oct 2021
Net transactions value
$0
Form type
4
Filing time
06 Oct 2021, 16:09:40 UTC
Next filing
07 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPI 6.00% Series B Participating Preferred Stock Disposed to Issuer $0 -900 -100% $0.000000* 0 04 Oct 2021 Direct F1
transaction FPI 6.00% Series B Participating Preferred Stock Disposed to Issuer $0 -500 -100% $0.000000* 0 04 Oct 2021 By Spouse F1
transaction FPI Common Stock Award $0 +1,878 +0.85% $0.000000 221,584 04 Oct 2021 Direct F2
transaction FPI Common Stock Award $0 +1,043 +52% $0.000000 3,043 04 Oct 2021 By Spouse F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 28, 2021, the Issuer announced its intention to mandatorily convert all outstanding shares of its 6.00% Series B Participating Preferred Stock (the "Series B Preferred Stock") into shares of the Issuer's Common Stock in accordance with the terms of the Articles Supplementary designating the terms of the Series B Preferred Stock (the "Articles Supplementary" and collectively, the "Conversion"). Based on the conversion ratio in the Articles Supplementary, the Issuer issued 2.0871798 shares of Common Stock per share of Series B Preferred Stock to be converted (the "Conversion Ratio"). The Conversion occurred on October 4, 2021.
F2 Received in exchange for 900 shares of Series B Preferred Stock as part of the Conversion. Cash was paid in lieu of any fractional shares of Common Stock that the reporting person was otherwise entitled to receive in accordance with the Conversion Ratio.
F3 Received in exchange for 500 shares of Series B Preferred Stock as part of the Conversion. Cash was paid in lieu of any fractional shares of Common Stock that the reporting person's Spouse was otherwise entitled to receive in accordance with the Conversion Ratio.