Gerber Michael A 4
4 · FEDERAL AGRICULTURAL MORTGAGE CORP · Filed Nov 14, 2012
Insider Transaction Report
Form 4
Gerber Michael A
President and CEO
Transactions
- Exercise/Conversion
Class C Non-Voting Common Stock
2012-11-12$5.93/sh+15,000$88,950→ 41,002 total - Tax Payment
Class C Non-Voting Common Stock
2012-11-12$29.02/sh−4,225$122,610→ 36,777 total - Sale
Class C Non-Voting Common Stock
2012-11-13$29.46/sh−7,710$227,161→ 26,002 total - Disposition to Issuer
Class C Non-Voting Common Stock
2012-11-12$29.02/sh−3,065$88,946→ 33,712 total - Exercise/Conversion
Stock Appreciation Right
2012-11-12−15,000→ 35,000 totalExercise: $5.93From: 2010-05-31Exp: 2013-01-01→ Class C Non-Voting Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Mr. Gerber received 7,710 shares of the Federal Agricultural Mortgage Corporation's Class C Non-Voting Common Stock upon net share settlement of his exercise of 15,000 stock appreciation rights with a grant price of $5.93 per share. That exercise entitled Mr. Gerber to receive 11,935 shares of the Corporation's Class C Non-Voting Common Stock, and 4,225 shares were retained by the Corporation 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 the Corporation'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.
- [F2]Transaction effected pursuant to a trading plan adopted by Mr. Gerber in accordance with Rule 10b5-1.
- [F3]Stock appreciation right exercisable beginning May 31, 2010 with respect to 16,666 shares, beginning May 31, 2011 with respect to 16,667 shares and beginning May 31, 2012 with respect to 16,667 shares.