Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: There were no shares repurchased by Farmers & Merchants Bancorp during the first six months of 2020.
+Added: There were no shares repurchased by Farmers & Merchants Bancorp during the first nine months of 2020.
The remaining dollar value of shares that may yet be purchased under the Company’s Stock Repurchase Plan is approximately $20.0 million.
−Removed: During the first quarter of 2020, the Company issued 523 shares of common stock to the Bank’s non-qualified deferred compensation retirement plans.
+Added: During the nine months ended September 30, 2020, the Company issued 523 shares of common stock to the Bank’s non-qualified defined contribution retirement plans.
These shares were issued at a price of $770.00 per share based upon a valuation completed by a nationally recognized bank consulting and advisory firm and in reliance upon the exemption in Section 4(a)(2) of the Securities Act of 1933, as amended, and the regulations promulgated thereunder.
The proceeds were contributed to the Bank as equity capital.
−Removed: There were no shares issued during the second quarter of 2020.
−Removed: During the first quarter of 2019, the Company issued 3,586 shares of common stock to the Bank’s non-qualified deferred compensation retirement plans.
+Added: During the nine months ended September 30, 2019, the Company issued 3,586 shares of common stock to the Bank’s non-qualified defined contribution retirement plans.
These shares were issued at a price of $715.00 per share based upon a valuation completed by a nationally recognized bank consulting and advisory firm and in reliance upon the exemption in Section 4(a)(2) of the Securities Act of 1933, as amended, and the regulations promulgated thereunder.
The proceeds were contributed to the Bank as equity capital.
−Removed: There were no shares issued during the second quarter of 2019.
The common stock of Farmers & Merchants Bancorp is not widely held or listed on any exchange.
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