4//SEC Filing
Ramsey Gregory 4
Accession 0000845877-18-000129
CIK 0000845877other
Filed
May 28, 8:00 PM ET
Accepted
May 29, 5:28 PM ET
Size
11.4 KB
Accession
0000845877-18-000129
Insider Transaction Report
Form 4
Ramsey Gregory
Principal Accounting Officer
Transactions
- Tax Payment
Class C Non-Voting Common Stock
2018-05-24$92.68/sh−392$36,331→ 3,377 total - Disposition to Issuer
Class C Non-Voting Common Stock
2018-05-24$92.68/sh−466$43,189→ 2,911 total - Exercise/Conversion
Class C Non-Voting Common Stock
2018-05-24$32.39/sh+1,334$43,208→ 3,769 total - Exercise/Conversion
Stock Appreciation Right
2018-05-24$32.39/sh−1,334$43,208→ 0 totalExercise: $32.39Exp: 2025-04-01→ Class C Non-Voting Common Stock (1,334 underlying)
Footnotes (4)
- [F1]Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").
- [F2]In connection with the net share settlement of the exercise of 1,334 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Ramsey was entitled to receive 868 shares of Farmer Mac Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Ramsey retained 476 shares, and Farmer Mac retained 392 shares to satisfy tax withholding requirements arising from the exercise. The 466 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.
- [F3]Includes 2,435 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]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.
Documents
Issuer
FEDERAL AGRICULTURAL MORTGAGE CORP
CIK 0000845877
Entity typeother
Related Parties
1- filerCIK 0001587529
Filing Metadata
- Form type
- 4
- Filed
- May 28, 8:00 PM ET
- Accepted
- May 29, 5:28 PM ET
- Size
- 11.4 KB