FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 12/08/2003 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Class C Non-Voting Common Stock | 12/08/2003 | 12/08/2003 | M(1) | 25 | A | $18.25 | 4,275 | D | ||
Class C Non-Voting Common Stock | 12/08/2003 | 12/08/2003 | S(2) | 25 | D | $29.2067 | 4,250 | D | ||
Class C Non-Voting Common Stock | 12/08/2003 | 12/08/2003 | M(1) | 2,894 | A | $19.375 | 7,144 | D | ||
Class C Non-Voting Common Stock | 12/08/2003 | 12/08/2003 | S(2) | 2,894 | D | $29.2067 | 4,250 | D |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (right to buy) | $18.25 | 12/08/2003 | 12/08/2003 | M(1) | 25 | (3) | 11/04/2007 | Class C Non-Voting Common Stock | 900 | $18.25 | 0 | D | |||
Employee Stock Option (right to buy) | $19.375 | 12/08/2003 | 12/08/2003 | M(1) | 2,894 | (4) | 09/10/2009 | Class C Non-Voting Common Stock | 4,150 | $19.375 | 1,256 | D |
Explanation of Responses: |
1. This report reflects (on Table I) (i) the acquisition of 25 shares of Class C Non-Voting Common Stock through the exercise of a previously partially unexercised employee stock option acquired by the reporting person in November 1997 and the sale of 25 shares of Class C Stock and (ii) the acquisition of 2,894 shares of Class C Non-Voting Common Stock through the partial exercise of a previously unexercised employee stock option acquired by the reporting person in September 1999 and the sale of 2,894 shares of Class C Stock; and (on Table II) the closing of the November 1997 employee stock option and the partial closing of the September 1999 employee stock option. The exercises of the November 1997 and September 1999 employee stock options are exempt under Section 16(b) under Rule 16b-6, but are reported herein pursuant to Rule 16a-4. |
2. Transaction pursuant to plan under Rule 10b5-1. |
3. The option was exercisable commencing November 4, 1997 with respect to 300 shares, commencing November 4, 1998 with respect to 300 shares, and commencing November 4, 1999 with respect to 300 shares. |
4. The option was exercisable commencing September 10, 1999 with respect to 1,383 shares, commencing September 10, 2000 with respect to 1,383 shares, and commencing September 10, 2001 with respect to 1,384 shares. |
Jerome G. Oslick | 12/10/2003 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |