Form 4 for AGM FEDERAL AGRICULTURAL MORTGAGE CORP
Accepted 2022-11-22 00:00:00 ET · period of report 2022-11-21 · accession 0000845877-22-000217 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-11-22 | 2022-11-21 | AGM | Ramesh Aparna | EVP - CFO | D - Sale to Iss | $125.92 | -1,102 | 7,894 | -12% | -$138.8K |
| D | 2022-11-22 | 2022-11-21 | AGM | Ramesh Aparna | EVP - CFO | M - OptEx | $75.16 | +1,845 | 9,356 | +25% | +$138.7K |
| D | 2022-11-22 | 2022-11-21 | AGM | Ramesh Aparna | EVP - CFO | F - Tax | $125.92 | -360 | 8,996 | -4% | -$45.3K |
| D | 2022-11-22 | 2022-11-21 | AGM | Ramesh Aparna | EVP - CFO | M - OptEx | $0.00 | -1,845 | 1,845 | -50% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class C Non-Voting Common Stock | 2022-11-21 | D | D | 1,102 | $125.92 | 7,893.81 | D | — | — | (F1) In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 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. (F2) Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| 2 | Common | Class C Non-Voting Common Stock | 2022-11-21 | M | A | 1,845 | $75.16 | 9,355.81 | D | — | — | (F1) In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 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. (F2) Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| 3 | Common | Class C Non-Voting Common Stock | 2022-11-21 | F | D | 360 | $125.92 | 8,995.81 | D | — | — | (F1) In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 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. (F2) Includes 6,173 unvested restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan, as described in more detail in the Reporting Person's prior filings under Section 16 of the Securities Exchange Act of 1934. |
| 4 | Derivative | Stock Appreciation Right | 2022-11-21 | M | D | 1,845 | $0.00 | 1,845 | D | $75.16 · 2022-03-31 to 2030-03-03 | 1,845 Class C Non-Voting Common Stock | (F1) In connection with the net share settlement of the exercise of 1,845 vested stock appreciation rights ("SARs") granted in March 2020 with a grant price of $75.16 per share, Ms. Ramesh was entitled to receive 743 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Ms. Ramesh retained 383 shares, and Farmer Mac retained 360 shares to satisfy tax withholding requirements arising from the exercise. The 1,102 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. |