FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE 4
4 · FEDERAL NATIONAL MORTGAGE ASSOCIATION FANNIE MAE · Filed Feb 20, 2007
Insider Transaction Report
Form 4
Lund Thomas A
EVP - Single Family Mortgage
Transactions
- Disposition to Issuer
Common Stock
2007-02-15−3,465→ 88,297 total
Holdings
- 656.839(indirect: By ESOP)
Common Stock
Footnotes (3)
- [F1]Under Fannie Mae's Performance Share Program, as a member of Fannie Mae's senior management, the reporting person previously received awards entitling the reporting person to receive shares of Fannie Mae common stock in an amount based upon and subject to Fannie Mae's meeting corporate performance objectives over three-year periods. For the three-year performance cycle completed in 2003, the reporting person was determined in January 2004 to be entitled to receive shares, half of which the reporting person received in January 2004 in accordance with the program. The remaining shares were scheduled to be issued to the reporting person in January 2005; however, as previously announced, Fannie Mae's Board of Directors and Compensation Committee deferred payment of unpaid performance shares for that cycle. On February 15, 2007, Fannie Mae?s Board of Directors determined that these unpaid performance shares would not be paid. (Footnote 1 is continued in 2 below.)
- [F2]The reported transaction reflects the Board?s determination. On February 15, 2007, Fannie Mae?s Board also determined that no shares would be paid for the three-year performance cycle completed in 2004. Because the reporting person had not been determined to be entitled to receive shares of common stock for that cycle, the reporting person has not reported shares relating to that performance cycle on a Form 4 and this report does not reflect any disposition of shares related to that performance cycle.
- [F3]End of period holdings reflect ESOP allocations and acquisitions pursuant to a dividend reinvestment feature of the ESOP through December 29, 2006.