Aparna Ramesh - May 11, 2021 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role: EVP - Chief Financial Officer
Signature: Stephen P. Mullery, as attorney-in-fact for Aparna Ramesh
Stock symbol: AGM
Transactions as of: May 11, 2021
Transactions value $: -$159,118
Form type: 4
Date filed: 5/13/2021, 07:16 PM
Next filing: Feb 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AGM	Class C Non-Voting Common Stock	Options Exercise	$139K	+1.85K	+32.05%	$75.16	7.6K	May 11, 2021	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Tax liability	-$20.5K	-205	-2.7%	$100.20	7.4K	May 11, 2021	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Disposed to Issuer	-$139K	-1.38K	-18.7%	$100.20	6.01K	May 11, 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AGM	Stock Appreciation Right	Options Exercise	-$139K	-1.85K	-33.33%	$75.16	3.69K	May 11, 2021	Class C Non-Voting Common Stock	1.85K	$75.16	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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 462 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 257 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,383 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 5,382 restricted stock units previously granted pursuant to Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan. The grants of restricted stock units have been described in detail in Farmer Mac's prior filings with the Securities and Exchange Commission.
F3	Exercisable beginning March 31, 2021 with respect to 1,845 shares, beginning March 31, 2022 with respect to 1,845 shares, and beginning March 31, 2023 with respect to 1,845 shares.