Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: bankbuyer who wrote (1063)	5/8/2012 11:47:16 PM
From: Covenant	Respond to of 1876

I'm wondering if FARM's basic business is a SBUX casualty. FARM supplies coffee to SoCal restaurants. SBUX has been expanding their distribution channels to include restaurants to carry SBUX coffee in competitor restaurants, and many restaurants now carry SBUX as a beverage. There are other gourmet coffee brands doing the same. This would be a secular change. Management typically has 2 choices with a dwindling business. 1) Return capital to shareholders gradually as the business slowly winds down, or 2) Make acquisitions, keeping the company alive and even growing in either its current field or an entirely new field.

To: bankbuyer who wrote (1063)

5/10/2012 1:31:35 AM

From: Covenant

Respond to of 1876

FARM management accepts gifts of stock options. I don't like these because options motivate high risk strategies which amount to heads management wins, tails shareholders lose. Restricted stock is far superior because management also shares in the downside.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:		3235-0287
Expires:	December 31, 2014
Estimated average burden
hours per response:		0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person*

Criteser Patrick G

(Last)

(First)

(Middle)

20333 SOUTH NORMANDIE AVENUE

(Street)

TORRANCE

90502

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
FARMER BROTHERS CO [ FARM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Interim Co-CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2012

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Stock option (right to buy)	$10.82	02/13/2012		A		15,000		(1)	02/13/2019	Common Stock	15,000	$0	104,276	D
Stock option (right to buy)	$10.82	02/13/2012		A		70,000		(2)	02/13/2019	Common Stock	70,000	$0	174,276	D

Explanation of Responses:

1. Grant of non-qualified stock option; one hundred percent (100%) of the total number of shares subject to the option vest on the first anniversary of the grant date, subject to the acceleration provisions of that certain Amended and Restated Employment Agreement, effective as of April 19, 2011, between the Company and Patrick G. Criteser, as the same may be amended, and the stock option award agreement.

2. Grant of non-qualified stock option; one hundred percent (100%) of the total number of shares subject to the option vest on the first anniversary of the grant date, subject to the acceleration provisions of that certain Second Amended and Restated employment agreement, effective as of February 13, 2012, between the Company and Patrick G. Criteser, as the same may be amended, and the stock option award agreement.

	/s/ Jeffrey A. Wahba, Attorney-in-Fact	02/15/2012
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.