Gerber Michael A 4

Accession 0000845877-12-000189

CIK 0000845877other

Filed

Nov 28, 7:00 PM ET

Accepted

Nov 29, 8:51 PM ET

Size

18.1 KB

Accession

0000845877-12-000189

Form 4

Period: 2012-11-27

President and CEO

Transactions

Exercise/Conversion
Stock Appreciation Right
2012-11-27$12.20/sh−83,333$1,016,663→ 0 total
Exercise: $83333.00From: 2011-03-31Exp: 2013-01-01→ Class C Non-Voting Common Stock (83,333 underlying)
Exercise/Conversion
Class C Non-Voting Common Stock
2012-11-27$5.93/sh+35,000$207,550→ 42,798 total
Exercise/Conversion
Class C Non-Voting Common Stock
2012-11-27$12.20/sh+83,333$1,016,663→ 126,131 total
Tax Payment
Class C Non-Voting Common Stock
2012-11-27$34.50/sh−39,916$1,377,102→ 106,215 total
Exercise/Conversion
Stock Appreciation Right
2012-11-27−35,000→ 0 total
Exercise: $5.93From: 2010-05-31Exp: 2013-01-01→ Class C Non-Voting Common Stock (35,000 underlying)
Exercise/Conversion
Stock Appreciation Right
2012-11-27$18.77/sh−20,000$375,400→ 0 total
Exercise: $18.77From: 2012-03-31Exp: 2013-01-01→ Class C Non-Voting Common Stock (20,000 underlying)
Exercise/Conversion
Class C Non-Voting Common Stock
2012-11-27$18.77/sh+20,000$375,400→ 146,131 total
Disposition to Issuer
Class C Non-Voting Common Stock
2012-11-27$34.50/sh−46,364$1,599,558→ 59,851 total

Footnotes (4)

[F1]Mr. Gerber received 52,053 shares of the Federal Agricultural Mortgage Corporation's Class C Non-Voting Common Stock upon net share settlement of his exercise of: 35,000 stock appreciation rights with a grant price of $5.93 per share; 83,333 stock appreciation rights with a grant price of $12.20; 20,000 stock appreciation rights with a grant price of $18.77 per share. That exercise entitled Mr. Gerber to receive 91,969 shares of the Corporation's Class C Non-Voting Common Stock, and 39,916 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]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.
[F3]Exercisable beginning March 31, 2011 with respect to 41,666 shares and beginning March 31, 2012 with respect to 41,667 shares. 41,667 unvested stock appreciation rights were cancelled upon the termination of Mr. Gerber's employment on October 3, 2012.
[F4]40,000 unvested stock appreciation rights were forefeited upon the termination of Mr. Gerber's employment on October 3, 2012.

Documents

1 file

FEDERAL AGRICULTURAL MORTGAGE CORP

CIK 0000845877

Entity typeother