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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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 control number. | SEC 1474 (9-02) | ||
| 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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Option | $ 22.4 | 05/07/2013 | M | 1,898 (1) | 05/31/2005(4) | 06/05/2013 | Class C Non-Voting Common Stock | 1,898 | $ 32 | 12,125 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| BUZBY TIMOTHY L C/O FARMER MAC 1999 K STREET NW, 4TH FLOOR WASHINGTON, DC 20006 |
President and CEO | |||
| Christy M. Prendergast, as attorney-in-fact for Timothy L. Buzby | 05/09/2013 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | This report reflects (on Table I) (i) the acquisition of 1,898 shares of Class C Non-Voting Common Stock through the partial exercise of a stock option acquired by the reporting person in June 2003 pursuant to former Rule 16b-3; (ii) the sale of 1,898 shares of Class C Non-Voting Common Stock; and (iii) (on Table II) the exercise of the June 2003 employee stock option. The partial exercise of the June 2003 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4. |
| (2) | Includes restricted stock granted pursuant to Farmer Mac's 2008 Omnibus Incentive Plan as follows: (i) 5,000 and 4,500 shares that will vest on March 31, 2014, and March 31, 2015, respectively, if Farmer Mac meets performance objectives related to business volume and portfolio charge-offs and delinquencies, (ii) 9,382 shares, up to 50 percent of which will vest on March 31, 2016 if Farmer Mac has maintained compliance will all regulatory capital requirements through December 31, 2015, and 50 percent of which will vest on March 31, 2016 if Farmer Mac meets certain performance objectives related to business volume and portfolio charge-offs and delinquencies, and (iii) 9,382 shares that will vest in equal installments on March 31, 2014, March 31, 2015, and March 31, 2016 so long as Mr. Buzby remains employed by Farmer Mac other than removal for death, disability, or retirement. |
| (3) | Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1. |
| (4) | Exercisable beginning June 5, 2003 with respect to 7,012 shares, beginning May 31, 2004 with respect to 7,012 shares and beginning May 31, 2005 with respect to 7,011 shares. |