Filing Details

Accession Number:
0000845877-13-000136
Form Type:
4
Zero Holdings:
No
Publication Time:
2013-06-05 16:05:07
Reporting Period:
2013-06-03
Filing Date:
2013-06-05
Accepted Time:
2013-06-05 16:05:07
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
845877 Federal Agricultural Mortgage Corp AGM Federal & Federally-Sponsored Credit Agencies (6111) 521578738
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1250221 L Timothy Buzby C/O Farmer Mac
1999 K Street Nw, 4Th Floor
Washington DC 20006
President And Ceo No 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
Class C Non-Voting Common Stock Acquisiton 2013-06-03 12,125 $22.40 47,997 No 4 M Direct
Class C Non-Voting Common Stock Disposition 2013-06-03 12,125 $30.11 21,849 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class C Non-Voting Common Stock Stock Option Disposition 2013-06-03 12,125 $30.11 12,125 $22.40
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2005-05-31 2013-06-05 No 4 M Direct
Footnotes
  1. This report reflects (on Table I) (i) the acquisition of 12,125 shares of Class C Non-Voting Common Stock through the exercise of a stock option acquired by the reporting person in June 2003 pursuant to former Rule 16b-3; (ii) the sale of 12,125 shares of Class C Non-Voting Common Stock; and (iii) (on Table II) the exercise of the June 2003 employee stock option. The exercise of the June 2003 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.
  2. Includes restricted stock granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan as follows: (i) 5,000 and 4,500 shares that will vest on March 31, 2014, and March 31, 2015, respectively, if Farmer Mac meets performance objectives related to business volume and portfolio charge-offs and delinquencies, (ii) 9,382 shares, up to 50 percent of which will vest on March 31, 2016 if Farmer Mac has maintained compliance will all regulatory capital requirements through December 31, 2015, and 50 percent of which will vest on March 31, 2016 if Farmer Mac meets certain performance objectives related to business volume and portfolio charge-offs and delinquencies, and (iii) 9,382 shares that will vest in equal installments on March 31, 2014, March 31, 2015, and March 31, 2016 so long as Mr. Buzby remains employed by Farmer Mac other than removal for death, disability, or retirement.
  3. Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.
  4. The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $29.8015 to $30.45, inclusive. The Reporting Person undertakes to provide to the Federal Agricultural Mortgage Corporation, any security holder of the Federal Agricultural Mortgage Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.
  5. Exercisable beginning June 5, 2003 with respect to 7,012 shares, beginning May 31, 2004 with respect to 7,012 shares and beginning May 31, 2005 with respect to 7,011 shares.