SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Mullery Stephen P

(Last)

(First)

(Middle)

C/O FARMER MAC

1999 K STREET N.W., 4TH FLOOR

(Street)

WASHINGTON

20006

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
06/08/2012

3. Issuer Name and Ticker or Trading Symbol
FEDERAL AGRICULTURAL MORTGAGE CORP [ AGM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP - General Counsel

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class C Non-Voting Common Stock	245	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option	08/31/2004	09/12/2012	Class C Non-Voting Common Stock	1,000	$26.25	D
Stock Option	08/31/2005	10/16/2013	Class C Non-Voting Common Stock	2,000	$26.68	D
Stock Option	08/31/2007	09/24/2014	Class C Non-Voting Common Stock	2,000	$20.32	D
Stock Option	08/31/2008	09/30/2015	Class C Non-Voting Common Stock	3,000	$24.34	D
Stock Option	08/31/2009	10/03/2016	Class C Non-Voting Common Stock	5,000	$24.98	D
Stock Option	08/31/2010	10/03/2017	Class C Non-Voting Common Stock	2,000	$32.77	D
Stock Appreciation Right	08/31/2011	10/02/2018	Class C Non-Voting Common Stock	4,000	$7.35	D
Stock Appreciation Right	⁽¹⁾	10/07/2019	Class C Non-Voting Common Stock	5,000	$7.78	D
Stock Appreciation Right	⁽²⁾	10/01/2020	Class C Non-Voting Common Stock	5,000	$10.43	D
Stock Appreciation Right	⁽³⁾	10/04/2021	Class C Non-Voting Common Stock	3,000	$18.14	D
Stock Appreciation Right	⁽⁴⁾	04/05/2022	Class C Non-Voting Common Stock	3,000	$21.69	D

Explanation of Responses:

1. Exercisable beginning August 31, 2010 with respect to 1,667 shares, beginning August 31, 2011 with respect to 1,667 shares, and beginning August 31, 2012 with respect to 1,666 shares.

2. Exercisable beginning August 31, 2011 with respect to 1,667 shares, beginning August 31, 2012 with respect to 1,667 shares, and beginning August 31, 2013 with respect to 1,666 shares.

3. Exercisable beginning August 31, 2012 with respect to 1,000 shares, beginning August 31, 2013 with respect to 1,000 shares, and beginning August 31, 2014 with respect to 1,000 shares.

4. Exercisable beginning March 31, 2013 with respect to 1,000 shares, beginning March 31, 2014 with respect to 1,000 shares, and beginning March 31, 2015 with respect to 1,000 shares.

Remarks:

	Stephen P. Mullery	06/18/2012
	** 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 5 (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.