4//SEC Filing
DONILON THOMAS E 4
Accession 0001209191-05-023545
CIK 0000310522other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 4:53 PM ET
Size
8.4 KB
Accession
0001209191-05-023545
Insider Transaction Report
Form 4
DONILON THOMAS E
EVP, Law & Policy
Transactions
- Disposition to Issuer
Common Stock
2005-04-29−58,779→ 20,030 total
Holdings
- 100(indirect: By Spouse)
Common Stock
- 36.953(indirect: By ESOP)
Common Stock
Footnotes (4)
- [F1]Represents forfeited shares of unvested restricted stock which under the terms of the grants would have vested as follows: 7,500 shares in 2005; 17,926 shares in 2006; 17,926 shares in 2007; and 15,427 shares in 2008.
- [F2]Under Fannie Mae?s Performance Share Program, as a member of Fannie Mae?s senior management, the reporting person has received annual awards entitling the reporting person to receive shares of Fannie Mae common stock in amounts based upon and subject to Fannie Mae?s meeting corporate performance objectives over three-year periods. Generally, Fannie Mae?s Compensation Committee determines in January of the year following completion of the cycle the number of shares of common stock each awardee is entitled to receive, and the shares are paid out to current executives in two annual installments. (Footnote 2 is continued in footnote 3 below.)
- [F3]For the performance cycle completed in 2003, the reporting person was determined in January 2004 to be entitled to receive 23,850 shares, of which the reporting person received 11,925 shares in January 2004 and the balance was scheduled to be received in January 2005. As previously announced, Fannie Mae?s Board of Directors and Compensation Committee have determined to defer payment of unpaid performance shares for the performance cycle completed in 2003 until reliable financial data for the relevant period are available. As a result, the 11,925 shares scheduled to be issued to the reporting person in January 2005 have not yet been issued. These shares are included in the reporting person's total holdings above.
- [F4]End of period holdings include an additional fractional share acquired from the reinvestment of dividends in Issuer's ESOP through February 25, 2005.
Documents
Issuer
FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE
CIK 0000310522
Entity typeother
Related Parties
1- filerCIK 0001204941
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 4:53 PM ET
- Size
- 8.4 KB