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Covington John Curtis 4

Accession 0000845877-18-000111

CIK 0000845877other
View on SEC.govCompany Profile

Filed

May 17, 8:00 PM ET

Accepted

May 18, 4:36 PM ET

Size

34.5 KB

Accession

0000845877-18-000111

Insider Transaction Report

Form 4
Period: 2018-05-16
FEDERAL AGRICULTURAL MORTGAGE CORPAGM
Covington John Curtis
SVP - Agricultural Finance
Transactions
  • Tax Payment

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−790$71,906→ 21,805 total
  • Disposition to Issuer

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−1,237$112,592→ 18,111 total
  • Tax Payment

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−661$60,164→ 20,140 total
  • Disposition to Issuer

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−1,340$121,967→ 20,465 total
  • Exercise/Conversion

    Class C Non-Voting Common Stock

    2018-05-16$60.84/sh+1,619$98,500→ 22,084 total
  • Tax Payment

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−205$18,659→ 21,879 total
  • Exercise/Conversion

    Stock Appreciation Right

    2018-05-16$35.75/sh−3,412$121,979→ 3,412 total
    Exercise: $35.75Exp: 2026-03-15→ Class C Non-Voting Common Stock (3,412 underlying)
  • Tax Payment

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−1,053$95,844→ 19,348 total
  • Exercise/Conversion

    Class C Non-Voting Common Stock

    2018-05-16$32.39/sh+2,690$87,129→ 20,801 total
  • Disposition to Issuer

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−957$87,106→ 19,183 total
  • Disposition to Issuer

    Class C Non-Voting Common Stock

    2018-05-16$91.02/sh−1,082$98,484→ 20,797 total
  • Exercise/Conversion

    Class C Non-Voting Common Stock

    2018-05-16$28.17/sh+4,000$112,680→ 20,401 total
  • Exercise/Conversion

    Class C Non-Voting Common Stock

    2018-05-16$35.75/sh+3,412$121,979→ 22,595 total
  • Exercise/Conversion

    Stock Appreciation Right

    2018-05-16$28.17/sh−4,000$112,680→ 0 total
    Exercise: $28.17From: 2018-01-26Exp: 2025-01-26→ Class C Non-Voting Common Stock (4,000 underlying)
  • Exercise/Conversion

    Stock Appreciation Right

    2018-05-16$32.39/sh−2,690$87,129→ 0 total
    Exercise: $32.39Exp: 2025-04-01→ Class C Non-Voting Common Stock (2,690 underlying)
  • Exercise/Conversion

    Stock Appreciation Right

    2018-05-16$60.84/sh−1,619$98,500→ 3,238 total
    Exercise: $60.84Exp: 2027-03-14→ Class C Non-Voting Common Stock (1,619 underlying)
Footnotes (9)
  • [F1]In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in January 2015 with a grant price of $28.17 per share, Mr. Covington was entitled to receive 2,763 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,710 shares, and Farmer Mac retained 1,053 shares to satisfy tax withholding requirements arising from the exercise. The 1,237 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]Transaction effected during an open trading window for employees and directors of Farmer Mac.
  • [F3]Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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]In connection with the net share settlement of the exercise of 2,690 vested SARs granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,733 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,072 shares, and Farmer Mac retained 661 shares to satisfy tax withholding requirements arising from the exercise. The 957 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.
  • [F5]In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 2,072 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,282 shares, and Farmer Mac retained 790 shares to satisfy tax withholding requirements arising from the exercise. The 1,340 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.
  • [F6]In connection with the net share settlement of the exercise of 1,619 vested SARs granted in March 2017 with a grant price of $60.84 per share, Mr. Covington was entitled to receive 537 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 332 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 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.
  • [F7]Exercisable beginning March 31, 2016 with respect to 2,690 shares, beginning March 31, 2017 with respect to 2,690 shares, and beginning March 31, 2018 with respect to 2,690 shares.
  • [F8]Exercisable beginning March 31, 2017 with respect to 3,412 shares, beginning March 31, 2018 with respect to 3,412 shares, and beginning March 31, 2019 with respect to 3,412 shares.
  • [F9]Exercisable beginning March 31, 2018 with respect to 1,619 shares, beginning March 31, 2019 with respect to 1,619 shares, and beginning March 31, 2020 with respect to 1,619 shares.

Documents

1 file

Issuer

FEDERAL AGRICULTURAL MORTGAGE CORP

CIK 0000845877

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Entity typeother

Related Parties

1
  • filerCIK 0001629451

Filing Metadata

Form type
4
Filed
May 17, 8:00 PM ET
Accepted
May 18, 4:36 PM ET
Size
34.5 KB
View on SEC.gov