David P. Vernon - Nov 10, 2021 Form 4 Insider Report for FARMERS & MERCHANTS BANCORP INC (FMAO)

Role: Director
Signature: /s/Lydia Huber, attorney-in-fact
Stock symbol: FMAO
Transactions as of: Nov 10, 2021
Transactions value $: $0
Form type: 4
Date filed: 11/15/2021, 10:47 AM
Previous filing: Oct 1, 2021
Next filing: Jun 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FMAO	COMMON	Other	$0	+37.2K	+54664.71%	$0.00	37.2K	Nov 10, 2021	Direct	F1
holding	FMAO	COMMON						68	Nov 10, 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	F&M Bank and Perpetual Federal Savings Bank (PFSB) entered into an agreement and plan of reorganization. Upon completion of the Merger of October 1, 2021, the shareholders of PFSB will be entitled to receive, in exchange for each share of PFSB common stock owned, either (a) $41.20 in cash, or (b) 1.7766 shares of F&M common stock, or (c) a mixture of cash and F&M common stock. Mr. Vernon elected an all stock option. Final proration by the exchange agent was completed November 10, 2021.

Content

F&M Bank and Perpetual Federal Savings Bank (PFSB) entered into an agreement and plan of reorganization. Upon completion of the Merger of October 1, 2021, the shareholders of PFSB will be entitled to receive, in exchange for each share of PFSB common stock owned, either (a) $41.20 in cash, or (b) 1.7766 shares of F&M common stock, or (c) a mixture of cash and F&M common stock. Mr. Vernon elected an all stock option. Final proration by the exchange agent was completed November 10, 2021.