Stephen P. Mullery - Jun 8, 2021 Form 4 Insider Report for FEDERAL AGRICULTURAL MORTGAGE CORP (AGM)

Role: EVP - General Counsel
Signature: Stephen P. Mullery
Stock symbol: AGM
Transactions as of: Jun 8, 2021
Transactions value $: -$180,812
Form type: 4
Date filed: 6/10/2021, 04:50 PM
Next filing: Jun 14, 2021

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	$65.1K	+3K	+16.19%	$21.69^*	21.5K	Jun 8, 2021	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Tax liability	-$116K	-1.14K	-5.3%	$101.58	20.4K	Jun 8, 2021	Direct	F1, F2
transaction	AGM	Class C Non-Voting Common Stock	Disposed to Issuer	-$65K	-640	-3.14%	$101.58	19.7K	Jun 8, 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	-$65.1K	-3K	-100%	$21.69^*	0	Jun 8, 2021	Class C Non-Voting Common Stock	3K	$21.69	Direct	F1

* 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 3,000 vested stock appreciation rights ("SARs") granted in April 2012 with a grant price of $21.69 per share, Mr. Mullery was entitled to receive 2,360 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Farmer Mac retained 1,140 shares to satisfy tax withholding requirements arising from the exercise. The 640 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 5,532 unvested restricted stock units previously granted under 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.

Content

In connection with the net share settlement of the exercise of 3,000 vested stock appreciation rights ("SARs") granted in April 2012 with a grant price of $21.69 per share, Mr. Mullery was entitled to receive 2,360 shares of Class C Non-Voting Common Stock of the Federal Agricultural Mortgage Corporation ("Farmer Mac"). Farmer Mac retained 1,140 shares to satisfy tax withholding requirements arising from the exercise. The 640 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.

Includes 5,532 unvested restricted stock units previously granted under 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.