0000845877-18-000111.txt : 20180518 0000845877-18-000111.hdr.sgml : 20180518 20180518163643 ACCESSION NUMBER: 0000845877-18-000111 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20180516 FILED AS OF DATE: 20180518 DATE AS OF CHANGE: 20180518 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Covington John Curtis CENTRAL INDEX KEY: 0001629451 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14951 FILM NUMBER: 18847155 MAIL ADDRESS: STREET 1: C/O FARMER MAC, 1999 K STREET, NW STREET 2: 4TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20006 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: FEDERAL AGRICULTURAL MORTGAGE CORP CENTRAL INDEX KEY: 0000845877 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 521578738 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1999 K STREET NW, STREET 2: 4TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20006 BUSINESS PHONE: 2028727700 MAIL ADDRESS: STREET 1: 1999 K STREET NW, STREET 2: 4TH FLOOR CITY: WASHINGTON STATE: DC ZIP: 20006 4 1 wf-form4_152667573779295.xml FORM 4 X0306 4 2018-05-16 0 0000845877 FEDERAL AGRICULTURAL MORTGAGE CORP AGM 0001629451 Covington John Curtis C/O 1999 K STREET NW 4TH FLOOR WASHINGTON DC 20006 0 1 0 0 EVP - Agricultural Finance Class C Non-Voting Common Stock 2018-05-16 4 M 0 4000 28.17 A 20401 D Class C Non-Voting Common Stock 2018-05-16 4 F 0 1053 91.02 D 19348 D Class C Non-Voting Common Stock 2018-05-16 4 D 0 1237 91.02 D 18111 D Class C Non-Voting Common Stock 2018-05-16 4 M 0 2690 32.39 A 20801 D Class C Non-Voting Common Stock 2018-05-16 4 F 0 661 91.02 D 20140 D Class C Non-Voting Common Stock 2018-05-16 4 D 0 957 91.02 D 19183 D Class C Non-Voting Common Stock 2018-05-16 4 M 0 3412 35.75 A 22595 D Class C Non-Voting Common Stock 2018-05-16 4 F 0 790 91.02 D 21805 D Class C Non-Voting Common Stock 2018-05-16 4 D 0 1340 91.02 D 20465 D Class C Non-Voting Common Stock 2018-05-16 4 M 0 1619 60.84 A 22084 D Class C Non-Voting Common Stock 2018-05-16 4 F 0 205 91.02 D 21879 D Class C Non-Voting Common Stock 2018-05-16 4 D 0 1082 91.02 D 20797 D Stock Appreciation Right 28.17 2018-05-16 4 M 0 4000 28.17 D 2018-01-26 2025-01-26 Class C Non-Voting Common Stock 4000.0 0 D Stock Appreciation Right 32.39 2018-05-16 4 M 0 2690 32.39 D 2025-04-01 Class C Non-Voting Common Stock 2690.0 0 D Stock Appreciation Right 35.75 2018-05-16 4 M 0 3412 35.75 D 2026-03-15 Class C Non-Voting Common Stock 3412.0 3412 D Stock Appreciation Right 60.84 2018-05-16 4 M 0 1619 60.84 D 2027-03-14 Class C Non-Voting Common Stock 1619.0 3238 D In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in January 2015 with a grant price of $28.17 per share, Mr. Covington was entitled to receive 2,763 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,710 shares, and Farmer Mac retained 1,053 shares to satisfy tax withholding requirements arising from the exercise. The 1,237 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. Transaction effected during an open trading window for employees and directors of Farmer Mac. Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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. In connection with the net share settlement of the exercise of 2,690 vested SARs granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,733 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,072 shares, and Farmer Mac retained 661 shares to satisfy tax withholding requirements arising from the exercise. The 957 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. In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 2,072 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,282 shares, and Farmer Mac retained 790 shares to satisfy tax withholding requirements arising from the exercise. The 1,340 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. In connection with the net share settlement of the exercise of 1,619 vested SARs granted in March 2017 with a grant price of $60.84 per share, Mr. Covington was entitled to receive 537 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 332 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 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. Exercisable beginning March 31, 2016 with respect to 2,690 shares, beginning March 31, 2017 with respect to 2,690 shares, and beginning March 31, 2018 with respect to 2,690 shares. Exercisable beginning March 31, 2017 with respect to 3,412 shares, beginning March 31, 2018 with respect to 3,412 shares, and beginning March 31, 2019 with respect to 3,412 shares. Exercisable beginning March 31, 2018 with respect to 1,619 shares, beginning March 31, 2019 with respect to 1,619 shares, and beginning March 31, 2020 with respect to 1,619 shares. Anjali Desai, as attorney-in-fact for John Curtis Covington 2018-05-18