Filing Details

Accession Number:
0000845877-16-000272
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-05-31 18:40:10
Reporting Period:
2016-05-26
Filing Date:
2016-05-31
Accepted Time:
2016-05-31 18:40:10
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 2016-05-26 23,043 $26.36 82,029 No 4 M Direct
Class C Non-Voting Common Stock Disposition 2016-05-26 2,950 $36.03 79,079 No 4 F Direct
Class C Non-Voting Common Stock Disposition 2016-05-26 16,858 $36.03 62,221 No 4 D Direct
Class C Non-Voting Common Stock Disposition 2016-05-27 3,235 $36.00 58,986 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 F Direct
No 4 D 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 2016-05-26 23,043 $26.36 23,043 $26.36
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2016-06-01 No 4 M Direct
Footnotes
  1. This report reflects: (on Table I) (a) the acquisition of 23,043 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in June 2006 at a grant price of $26.36 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Buzby to receive 23,043 shares, of which (i) 2,950 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 16,858 were delivered to Farmer Mac to cover the exercise cost, and (iii) 3,235 were delivered to Mr. Buzby; (c) the sale of 3,235 shares; and (on Table II) (d) the exercise of the June 2006 employee stock option. The exercise of the June 2006 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.
  2. Includes 34,814 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan. The grants of restricted stock have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.
  3. Transaction effected during an open trading window for key employees and directors of Farmer Mac.
  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 $36.00 to $36.02, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, 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 May 31, 2007 with respect to 7,681 shares, beginning May 31, 2008 with respect to 7,681 shares, and beginning May 31, 2009 with respect to 7,681 shares.