UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange
Act of 1934
Date of Report (Date of earliest event reported): November 14, 2003
Federal Agricultural Mortgage Corporation
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(Exact name of registrant as specified in its charter)
Federally chartered
instrumentality of
the United States 0-17440 52-1578738
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) File Number) Identification No.)
1133 Twenty-First Street, N.W., Suite 600, Washington, D.C. 20036
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (202) 872-7700
No change
(Former name or former address, if changed since last report)
Item 5. Other Events and Regulation FD Disclosure.
On November 14, 2003, the Registrant issued a press release announcing that
(1) it had filed its Quarterly Report on Form 10-Q for the quarter ended
September 30, 2003 with the Securities and Exchange Commission; and (2) Henry D.
Edelman, President and Chief Executive Officer, Nancy E. Corsiglia, Vice
President and Chief Financial Officer, Jerome G. Oslick, Vice President -
General Counsel, and Tom D. Stenson, Vice President - Agricultural Finance, had
each entered into a trading plan in compliance with Securities and Exchange
Commission Rule 10b5-1. A copy of the press release is attached hereto as
Exhibit 99 and is incorporated herein by this reference.
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99 Press release dated November 14, 2003.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
FEDERAL AGRICULTURAL
MORTGAGE CORPORATION
By: /s/ Jerome G. Oslick
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Name: Jerome G. Oslick
Title: Vice President - General Counsel
Dated: November 14, 2003
Exhibit 99
FARMER MAC
NEWS
FOR IMMEDIATE RELEASE CONTACT
November 14, 2003 Jerome Oslick
202-872-7700
Farmer Mac Reports 3rd Quarter 10-Q Filing
And Officers' Adoption of 10b5-1 Trading Plans
Washington, D.C. -- The Federal Agricultural Mortgage Corporation (Farmer
Mac, NYSE: AGM and AGM.A) reported that today it filed its Quarterly Report on
Form 10-Q for the quarter ended September 30, 2003 with the Securities and
Exchange Commission. The Corporation also reported today that four of its
officers each have adopted a prearranged trading plan in accordance with
Securities and Exchange Commission Rule 10b5-1 and Farmer Mac's policy on
securities trades by company personnel. The plans were entered into by the
officers for personal financial planning purposes.
Farmer Mac is the stockholder-owned instrumentality of the United States
chartered by Congress to establish a secondary market for agricultural real
estate and rural housing mortgage loans.
Under Rule 10b5-1, directors and officers of a company may adopt a
prearranged plan or contract for the sale of the company's securities under
specified conditions and times if the person has no material non-public
information about the company. The plans adopted by the officers relate to
Farmer Mac Class C Non-Voting Common Stock (NYSE: AGM). The plans adopted by
Henry D. Edelman, President and CEO, and Nancy E. Corsiglia, Vice President and
CFO, were entered into with respect to options to purchase shares of Class C
Stock that will expire by their terms in 2006. The plans entered into by Jerome
G. Oslick, Vice President - General Counsel, and Tom D. Stenson, Vice President
- Agricultural Finance, were entered into with respect to options to purchase
shares of Class C Stock that will expire by their terms between 2007 and 2010.
Each plan provides for sales to commence no earlier than November 20, 2003
and directs Bear Stearns to exercise the options from time to time, as market
conditions warrant, not later than October 1, 2004, and to execute the sale of a
certain number of shares of Class C Stock with time, price and amount discretion
in the sale of the Class C Stock vested in Bear Stearns. Mr. Edelman's plan
provides for the exercise of options to purchase 119,340 shares with not more
than 20,000 shares to be sold on any day; Ms. Corsiglia's plan provides for the
exercise of options to purchase 45,747 shares with not more than 10,000 shares
to be sold on any day; Mr. Stenson's plan provides for the exercise of options
to purchase 65,000 shares with not more than 10,000 shares to be sold on any
day; and Mr. Oslick's plan provides for the exercise of options to purchase
24,804 shares with not more than 5,000 shares to be sold on any day.
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