SEC Form 4 · accession 0000845877-15-000088
FEDERAL AGRICULTURAL MORTGAGE CORP · AGM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Timothy L Buzby
Officer — President and CEO
Period of report
May 1, 2015
Accepted (ET)
May 4, 2015 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000845877
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class C Non-Voting Common StockF1,F2 | May 1, 2015 | M | 19,203 | $20.61 | A | 71,877 | D | |
| Class C Non-Voting Common StockF1,F3,F2 | May 1, 2015 | S | 19,203 | $31.00 | D | 52,674 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F4 | $20.61 | May 1, 2015 | M | 19,203 | D | May 31, 2006 | Jun 16, 2015 | Class C Non-Voting Common Stock | 19,203 | 0 | D |
Explanation of responses
- F1This report reflects (on Table I) (i) the acquisition of 19,203 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a previously partially exercised stock option acquired by the Reporting Person in June 2005 pursuant to former Rule 16b-3; (ii) the sale of 19,203 shares of Class C Non-Voting Common Stock; and (on Table II) (iii) the exercise of the June 2005 employee stock option. The exercise of the June 2005 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4. The June 2005 employee stock option was scheduled to expire in June 2015.
- F2Includes 38,410 shares of unvested restricted stock granted to Mr. Buzby pursuant to Farmer Mac's 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.
- F3Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.
- F4Exercisable beginning May 31, 2006 with respect to 9,601 shares, beginning May 31, 2007 with respect to 9,602 shares, and beginning May 31, 2008 with respect to 9,602 shares.