4//SEC Filing
FEDERAL AGRICULTURAL MORTGAGE CORP 4
Accession 0000845877-15-000046
$AGMCIK 0000845877operating
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 4:48 PM ET
Size
13.9 KB
Accession
0000845877-15-000046
Insider Transaction Report
Form 4
STENSON TOM D
Executive Vice President & COO
Transactions
- Award
Class C Non-Voting Common Stock
2015-04-01+5,640→ 20,842 total - Award
Stock Appreciation Right
2015-04-01+9,840→ 9,840 totalExercise: $32.39Exp: 2025-04-01→ Class C Non-Voting Common Stock (9,840 underlying) - Award
Class C Non-Voting Common Stock
2015-04-01+1,410→ 23,662 total - Tax Payment
Class C Non-Voting Common Stock
2015-03-31$27.97/sh−3,568$99,797→ 15,202 total - Award
Class C Non-Voting Common Stock
2015-04-01+1,410→ 22,252 total
Footnotes (8)
- [F1]On March 31, 2015, (i) 4,500 shares of restricted stock vested that were granted in April 2012, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to business volume, portfolio charge-offs, and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 2,127 shares to satisfy withholding requirements, (ii) 1,288 shares of restricted stock vested as the second installment of the time-based award granted in April 2013, for which Farmer Mac retained 615 shares to satisfy withholding requirements, and (iii) 1,730 shares of restricted stock vested as the first installment of the time-based award granted in April 2014, for which Farmer Mac retained 826 shares to satisfy withholding requirements.
- [F2]In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the last trading day before the vesting date.
- [F3]Includes 11,252 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.
- [F4]Grant of shares of time-vested restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 1,880 shares of restricted stock, each of which will vest on March 31, 2016, March 31, 2017, and March 31, 2018, respectively.
- [F5]Grant of shares of performance-based restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2018 if Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 2, 2015 and December 31, 2017, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.
- [F6]Grant of shares of performance-based restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2018 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement.
- [F7]Exercisable beginning March 31, 2016 with respect to 3,280 shares, beginning March 31, 2017 with respect to 3,280 shares, and beginning March 31, 2018 with respect to 3,280 shares.
- [F8]Grant of stock appreciation rights under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeoperating
Related Parties
1- filerCIK 0000845877
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 4:48 PM ET
- Size
- 13.9 KB