0000845877-15-000046.txt : 20150402
0000845877-15-000046.hdr.sgml : 20150402
20150402164819
ACCESSION NUMBER: 0000845877-15-000046
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150331
FILED AS OF DATE: 20150402
DATE AS OF CHANGE: 20150402
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: STENSON TOM D
CENTRAL INDEX KEY: 0001250225
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14951
FILM NUMBER: 15748384
4
1
wf-form4_142800768985093.xml
FORM 4
X0306
4
2015-03-31
0
0000845877
FEDERAL AGRICULTURAL MORTGAGE CORP
AGM
0001250225
STENSON TOM D
C/O FARMER MAC
1999 K STREET NW, 4TH FLOOR
WASHINGTON
DC
20006
0
1
0
0
Chief Operating Officer
Class C Non-Voting Common Stock
2015-03-31
4
F
0
3568
27.97
D
15202
D
Class C Non-Voting Common Stock
2015-04-01
4
A
0
5640
0
A
20842
D
Class C Non-Voting Common Stock
2015-04-01
4
A
0
1410
0
A
22252
D
Class C Non-Voting Common Stock
2015-04-01
4
A
0
1410
0
A
23662
D
Stock Appreciation Right
32.39
2015-04-01
4
A
0
9840
0
A
2025-04-01
Class C Non-Voting Common Stock
9840.0
9840
D
On March 31, 2015, (i) 4,500 shares of restricted stock vested that were granted in April 2012, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to business volume, portfolio charge-offs, and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 2,127 shares to satisfy withholding requirements, (ii) 1,288 shares of restricted stock vested as the second installment of the time-based award granted in April 2013, for which Farmer Mac retained 615 shares to satisfy withholding requirements, and (iii) 1,730 shares of restricted stock vested as the first installment of the time-based award granted in April 2014, for which Farmer Mac retained 826 shares to satisfy withholding requirements.
In accordance with a policy adopted by the Compensation Committee of Farmer Mac's Board of Directors, the price used for the calculation of the number of shares withheld by Farmer Mac in satisfaction of tax liability is the closing price of Farmer Mac's Class C Non-Voting Common Stock on the last trading day before the vesting date.
Includes 11,252 shares of unvested restricted stock previously granted pursuant to Farmer Mac's 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.
Grant of shares of time-vested restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 1,880 shares of restricted stock, each of which will vest on March 31, 2016, March 31, 2017, and March 31, 2018, respectively.
Grant of shares of performance-based restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2018 if Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 2, 2015 and December 31, 2017, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.
Grant of shares of performance-based restricted stock under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2018 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement.
Exercisable beginning March 31, 2016 with respect to 3,280 shares, beginning March 31, 2017 with respect to 3,280 shares, and beginning March 31, 2018 with respect to 3,280 shares.
Grant of stock appreciation rights under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration.
Tom D. Stenson
2015-04-02