Luca Fabbri - Oct 4, 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
Stock symbol
FPI
Transactions as of
Oct 4, 2021
Transactions value $
$0
Form type
4
Date filed
10/6/2021, 04:09 PM
Next filing
Mar 7, 2022

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% $0.00* 0 Oct 4, 2021 Direct F1
transaction FPI 6.00% Series B Participating Preferred Stock Disposed to Issuer $0 -500 -100% $0.00* 0 Oct 4, 2021 By Spouse F1
transaction FPI Common Stock Award $0 +1.88K +0.85% $0.00 222K Oct 4, 2021 Direct F2
transaction FPI Common Stock Award $0 +1.04K +52.15% $0.00 3.04K Oct 4, 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.