4//SEC Filing
FEDERAL AGRICULTURAL MORTGAGE CORP 4
Accession 0000845877-17-000096
$AGMCIK 0000845877operating
Filed
May 17, 8:00 PM ET
Accepted
May 18, 4:58 PM ET
Size
17.6 KB
Accession
0000845877-17-000096
Insider Transaction Report
Form 4
Ramsey Gregory
Principal Accounting Officer
Transactions
- Sale
Class C Non-Voting Common Stock
2017-05-18$60.82/sh−799$48,592→ 1,850 total - Tax Payment
Class C Non-Voting Common Stock
2017-05-16$61.54/sh−396$24,370→ 4,121 total - Disposition to Issuer
Class C Non-Voting Common Stock
2017-05-16$61.54/sh−1,472$90,587→ 2,649 total - Exercise/Conversion
Stock Appreciation Right
2017-05-16$32.39/sh−1,333$43,176→ 1,334 totalExercise: $32.39Exp: 2025-04-01→ Class C Non-Voting Common Stock (1,333 underlying) - Exercise/Conversion
Class C Non-Voting Common Stock
2017-05-16$32.39/sh+1,333$43,176→ 4,517 total - Exercise/Conversion
Stock Appreciation Right
2017-05-16$35.60/sh−1,334$47,490→ 0 totalExercise: $35.60Exp: 2024-04-21→ Class C Non-Voting Common Stock (1,334 underlying) - Exercise/Conversion
Class C Non-Voting Common Stock
2017-05-16$35.60/sh+1,334$47,490→ 3,184 total
Footnotes (6)
- [F1]Mr. Ramsey received 799 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 1,334 stock appreciation rights with a grant price of $35.60 per share and 1,333 stock appreciation rights with a grant price of $32.39 per share. Those partial exercises entitled Mr. Ramsey to receive 1,195 shares of the Corporation's Class C Non-Voting Common Stock, and 396 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.
- [F2]Includes 1,850 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.
- [F3]Transaction effected during an open trading window for key employees and directors of Farmer Mac.
- [F4]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 $60.79 to $60.83, inclusive. The Reporting Person undertakes to provide to the Farmer Mac, any security holder of the 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.
- [F5]Exercisable beginning March 31, 2015 with respect to 1,333 shares, beginning March 31, 2016 with respect to 1,333 shares, and beginning March 31, 2017 with respect to 1,334 shares.
- [F6]Exercisable beginning March 31, 2016 with respect to 1,333 shares, beginning March 31, 2017 with respect to 1,333 shares, and beginning March 31, 2018 with respect to 1,334 shares.
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeoperating
Related Parties
1- filerCIK 0000845877
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 4:58 PM ET
- Size
- 17.6 KB