SEC Form 4 · accession 0000845877-15-000014
FEDERAL AGRICULTURAL MORTGAGE CORP · AGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Curtis Covington
Officer — SVP - Agricultural Finance
Period of report
Jan 26, 2015
Accepted (ET)
Jan 27, 2015 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000845877
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation RightF2,F1 | $28.17 | Jan 26, 2015 | A | 4,000 | A | Jan 26, 2018 | Jan 26, 2025 | Class C Non-Voting Common Stock | 4,000 | 4,000 | D |
Explanation of responses
- F1The grant price for Mr. Covington's 4,000 SARs is the closing price of a share of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock on the New York Stock Exchange on January 26, 2015, his first day of employment at Farmer Mac.
- F2Grant of stock appreciation rights under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration.