4//SEC Filing
Lynch Robert Dale 4
Accession 0000845877-17-000152
CIK 0000845877other
Filed
Oct 10, 8:00 PM ET
Accepted
Oct 11, 4:17 PM ET
Size
18.4 KB
Accession
0000845877-17-000152
Insider Transaction Report
Form 4
Lynch Robert Dale
SVP - Chief Financial Officer
Transactions
- Disposition to Issuer
Class C Non-Voting Common Stock
2017-10-10$76.06/sh−4,042$307,435→ 30,436 total - Exercise/Conversion
Class C Non-Voting Common Stock
2017-10-10$30.20/sh+10,180$307,436→ 37,406 total - Exercise/Conversion
Class C Non-Voting Common Stock
2017-10-10$37.17/sh+4,000$148,680→ 30,156 total - Tax Payment
Class C Non-Voting Common Stock
2017-10-10$76.06/sh−976$74,235→ 29,180 total - Exercise/Conversion
Stock Appreciation Right
2017-10-10$30.20/sh−10,180$307,436→ 0 totalExercise: $30.20Exp: 2023-04-03→ Class C Non-Voting Common Stock (10,180 underlying) - Tax Payment
Class C Non-Voting Common Stock
2017-10-10$76.06/sh−2,928$222,704→ 34,478 total - Exercise/Conversion
Stock Appreciation Right
2017-10-10$37.17/sh−4,000$148,680→ 0 totalExercise: $37.17From: 2016-01-31Exp: 2023-02-15→ Class C Non-Voting Common Stock (4,000 underlying) - Disposition to Issuer
Class C Non-Voting Common Stock
2017-10-10$76.06/sh−1,954$148,621→ 27,226 total
Footnotes (4)
- [F1]In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in February 2013 with a grant price of $37.17 per share, Mr. Lynch was entitled to receive 2,046 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Lynch retained 1,070 shares, and Farmer Mac retained 976 shares to satisfy tax withholding requirements arising from the exercise. The 1,954 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.
- [F2]Includes 22,365 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]In connection with the net share settlement of the exercise of 10,180 vested SARs granted in April 2013 with a grant price of $30.20 per share, Mr. Lynch was entitled to receive 6,138 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Lynch retained 3,210 shares, and Farmer Mac retained 2,928 shares to satisfy tax withholding requirements arising from the exercise. The 4,042 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.
- [F4]Exercisable beginning March 31, 2014 with respect to 3,393 shares, beginning March 31, 2015 with respect to 3,393 shares, and beginning March 31, 2016 with respect to 3,394 shares.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001465169
Filing Metadata
- Form type
- 4
- Filed
- Oct 10, 8:00 PM ET
- Accepted
- Oct 11, 4:17 PM ET
- Size
- 18.4 KB