Filing Details

Accession Number:
0000925421-16-000077
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-04-01 19:05:13
Reporting Period:
2016-03-30
Filing Date:
2016-04-01
Accepted Time:
2016-04-01 19:05:13
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1591670 Farmland Partners Inc. FPI () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1389549 A Paul Pittman C/O Farmland Partners Inc.
4600 S. Syracuse Street Suite 1450
Denver CO 80237
President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2016-03-31 233,400 $0.00 427,704 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock OP Units Acquisiton 2016-03-30 58,350 $0.00 58,350 $0.00
Common Stock OP Units Acquisiton 2016-03-30 1,517,100 $0.00 1,517,100 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,517,100 2015-04-16 No 4 J Indirect
1,517,100 2015-04-16 No 4 J Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,300 Indirect By spouse
Common Stock 1,601 Indirect As UTMA Custodian for daughter, Catherine Pittman
Common Stock 1,500 Indirect As UTMA Custodian for daughter, Allison Pittman
Footnotes
  1. Received as consideration from Hough Holdings, LLC in connection with the restructuring of Pittman Hough Farms LLC ("Pittman Hough") at a deemed price of $10.97 per share.
  2. Farmland Partners Inc. (the "Company") is the sole member of the general partner of Farmland Partners Operating Partnership, LP (the "Operating Partnership"), the operating partnership of the Company. Commencing April 14, 2015, one year after the date of issuance, each unit of limited partnership interest ("OP Units") in the Operating Partnership became redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. OP Units have no expiration date.
  3. Reflects an increase in Mr. Pittman's pecuniary interest in the OP Units held by Pittman Hough. Mr. Pittman previously reported indirect beneficial ownership of 1,458,750 OP Units, which reflected his 75% pecuniary interest in the 1,945,000 OP Units held by Pittman Hough. On March 30, 2016, in connection with restructuring transactions of various assets owned by Pittman Hough, Mr. Pittman's pecuniary interest in the OP Held by Pittman Hough was increased from 75% to 78%, resulting in an increase of 58,350 OP Units indirectly beneficially owned by Mr. Pittman. In connection with such restructuring transactions, the OP Units were ascribed a value of $10.97 per OP Unit.
  4. Reflects a pro rata distribution of the OP Units held by Pittman Hough.