Murray R. Wise - Nov 18, 2021 Form 4 Insider Report for Farmland Partners Inc. (FPI)

Role
Director
Signature
/s/ Justin R. Salon, as attorney-in-fact for Murray R. Wise
Stock symbol
FPI
Transactions as of
Nov 18, 2021
Transactions value $
$0
Form type
4
Date filed
11/23/2021, 03:08 PM
Previous filing
Nov 23, 2021
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPI Common Stock Award +160K 160K Nov 18, 2021 Direct F1, F2
transaction FPI Common Stock Award +2.57K 2.57K Nov 18, 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 Received pursuant to the terms of the of the Membership Interest Purchase Agreement, dated as of November 15, 2021, by and among Murray Wise Associates LLC, the members of Murray Wise Associates LLC, Murray Wise, in his capacity as the seller representative, FPI Agribusiness Inc. and Farmland Partners Inc. (the "Purchase Agreement"). Pursuant to the terms of the Purchase Agreement, 106,564 of the shares of Common Stock received by the Reporting Person are subject to a 6 month escrow holdback period ending April 15, 2022, and are subject to forfeiture to the extent necessary to satisfy potential indemnification claims following closing of the transaction.
F2 Pursuant to the terms of the Purchase Agreement, the shares of Common Stock were issued at the 10-day volume weighted average price of the Common Stock on the New York Stock Exchange (the "NYSE") at the time of the closing of the transaction, which was $12.61 per share at the close of trading on the NYSE on November 15, 2021.
F3 Received pursuant to the terms of the Purchase Agreement. Pursuant to the terms of the Purchase Agreement, 1,712 of the shares of Common Stock received by the Reporting Person's Spouse are subject to a 6 month escrow holdback period ending April 15, 2022, and are subject to forfeiture to the extent necessary to satisfy potential indemnification claims following closing of the transaction.