Filing Details

Accession Number:
0000845877-23-000181
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-08-11 16:27:06
Reporting Period:
2023-08-10
Accepted Time:
2023-08-11 16:27:06
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
1551864 P Stephen Mullery C/O Farmer Mac
1999 K Street N.w., 4Th Floor
Washington DC 20006
Evp - General Counsel 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 2023-08-10 3,780 $33.90 25,536 No 4 M Direct
Class C Non-Voting Common Stock Disposition 2023-08-10 1,403 $177.51 24,133 No 4 F Direct
Class C Non-Voting Common Stock Disposition 2023-08-10 722 $177.51 23,411 No 4 D Direct
Class C Non-Voting Common Stock Disposition 2023-08-11 1,655 $178.24 21,756 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 Appreciation Right Disposition 2023-08-10 3,780 $0.00 3,780 $33.90
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2017-03-31 2024-04-02 No 4 M Direct
Footnotes
  1. In connection with the net share settlement of the exercise of 3,780 vested stock appreciation rights ("SARs") granted in April 2014 with the grant price of $33.90 per share, Mr. Mullery was entitled to receive 3,058 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Of these shares, Mr. Mullery received (and later sold) 1,655 shares, and Farmer Mac retained 1,403 shares to satisfy tax withholding requirements arising from the exercise. The 722 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.
  2. Transaction effected during an open trading window for employees and directors of Farmer Mac.
  3. Includes 4,230 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934.
  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 $178.24 to $178.44, 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 about the number of shares sold at each separate price within the range set forth in this footnote.