Home > Insider Trading > Filing (0000845877-16-000337)

Filing Details

Accession Number:: 0000845877-16-000337
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-11-14 17:45:02
Reporting Period:: 2016-11-09

Filing Date:: 2016-11-14
Accepted Time:: 2016-11-14 17:45:02
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class C Non-Voting Common Stock	Acquisiton	2016-11-09	28,134	$29.33	78,460	No	4	M	Direct
Class C Non-Voting Common Stock	Disposition	2016-11-09	5,134	$47.50	73,326	No	4	F	Direct
Class C Non-Voting Common Stock	Disposition	2016-11-09	17,372	$47.50	55,954	No	4	D	Direct
Class C Non-Voting Common Stock	Acquisiton	2016-11-09	15,000	$12.20	70,954	No	4	M	Direct
Class C Non-Voting Common Stock	Disposition	2016-11-09	5,318	$47.50	65,636	No	4	F	Direct
Class C Non-Voting Common Stock	Disposition	2016-11-09	3,852	$47.50	61,784	No	4	D	Direct
Class C Non-Voting Common Stock	Disposition	2016-11-10	11,258	$47.51	50,526	No	4	S	Direct
Class C Non-Voting Common Stock	Disposition	2016-11-10	200	$47.98	50,326	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	D	Direct
No	4	M	Direct
No	4	F	Direct
No	4	D	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Stock Option	Stock Option	Disposition	2016-11-09	28,134	$29.33	28,134	$29.33
Class C Non-Voting Common Stock	Stock Appreciation Right	Disposition	2016-11-09	15,000	$12.20	15,000	$12.20

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2017-06-07	No	4	M	Direct
15,000		2020-04-01	No	4	M	Direct

Footnotes

This report reflects (on Table I) (a) the acquisition of 28,134 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 2007 at a grant price of $29.33 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Buzby to receive 28,134 shares, of which (i) 5,134 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 17,372 were delivered to Farmer Mac to cover the exercise cost, and (iii) 5,628 were delivered to Mr. Buzby; (c) the sale of 5,628 shares; and (on Table II) (d) the exercise of the June 2007 employee stock option. The exercise of the June 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.
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.
Mr. Buzby received 5,830 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 11,148 shares of the Corporation's Class C Non-Voting Common Stock, and 5,318 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.
Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.
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 $46.93 to $47.87, 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.
Exercisable beginning May 31, 2008 with respect to 9,378 shares, beginning May 31, 2009 with respect to 9,378 shares, and beginning May 31, 2010 with respect to 9,378 shares.
Exercisable beginning March 31, 2011, with respect to 15,000 shares, beginning March 31, 2012, with respect to 15,000 shares, and beginning March 31, 2013, with respect to 15,000 shares.