X0303 4 2008-08-22 0 0000845877 FEDERAL AGRICULTURAL MORTGAGE CORP AGM 0001250218 EDELMAN HENRY D 1133 21ST STREET, N.W. SUITE 600 WASHINGTON DC 20036 0 1 0 0 President Class C Non-Voting Common Stock 2008-08-22 4 M 0 7300 22.0833 A 7300 D Class C Non-Voting Common Stock 2008-08-22 4 S 0 7300 29.6182 D 0 D Class C Non-Voting Common Stock 2008-08-25 4 M 0 200 22.0833 A 200 D Class C Non-Voting Common Stock 2008-08-25 4 S 0 200 29.60 D 0 D Employee Stock Option (right to buy) 22.0833 2008-08-22 4 M 0 7300 22.0833 D 2001-05-31 2009-06-03 Class C Non-Voting Common Stock 103686 65186 D Employee Stock Option (right to buy) 22.0833 2008-08-25 4 M 0 200 22.0833 D 2001-05-31 2009-06-03 Class C Non-Voting Common Stock 103686 64986 D This report reflects (on Table I) (i) the acquisition of a total of 7,500 shares of Class C Non-Voting Common Stock through two partial exercises of a previously partially exercised employee stock option acquired in June 1999; and (ii) the sale of a total of 7,500 shares of Class C Stock in two separate transactions; and (on Table II) the partial closing of the June 1999 employee stock option. The exercises of the June 1999 employee stock option are exempt under Section 16(b) under Rule 16b-6, but are reported herein pursuant to Rule 16a-4. Transaction pursuant to a plan under Rule 10b5-1. Stephen P. Mullery, attorney-in-fact for Henry D. Edelman 2008-08-26