AGM

SEC source: 0000845877-16-000344 · wf-form4_147916386663946.xml · nonDerivative · entry 1

Faivre-Davis Sara Louise · CIK 0001501976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,922

F1 · shares: Transaction effected during an open trading window for key employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $47.95 to $47.97, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F3 · balance_after: Includes 1,575 restricted shares of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2017 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 7

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,274

F4 · shares: Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.

F5 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $47.20 to $47.87, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 8

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,326

F4 · shares: Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 7

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,526

F4 · shares: Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.

F5 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $46.93 to $47.87, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · derivative · entry 9

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 5,000 shares

Expires 2019-10-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F6 · derivative.exercise_date: 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · derivative · entry 8

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 2,000 shares

Expires 2017-10-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 6

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,631

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 5

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,449

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,578

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Mullery received 2,053 shares of the Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of 5,000 stock appreciation rights with a grant price of $7.78 per share. That exercise entitled Mr. Mullery to receive 4,182 shares of the Corporation's Class C Non-Voting Common Stock, and 2,129 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,578

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,958

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000339 · wf-form4_147916360745232.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,274

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: This report reflects (on Table I) (a) the acquisition of 2,000 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in October 2007 at a grant price of $32.77 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Mullery to receive 2,000 shares, of which (i) 316 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 1,380 were delivered to Farmer Mac to cover the exercise cost, and (iii) 304 were delivered to Mr. Mullery; (c) the sale of 304 shares (included in the total of 2,357 shares sold reported on Table I); and (on Table II) (d) the exercise of the October 2007 employee stock option. The exercise of the October 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · derivative · entry 10

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,000

Underlying: Class C Non-Voting Common Stock · 15,000 shares

Expires 2020-04-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Buzby received 5,830 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 11,148 shares of the Corporation's Class C Non-Voting Common Stock, and 5,318 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F7 · derivative.exercise_date: Exercisable beginning March 31, 2011, with respect to 15,000 shares, beginning March 31, 2012, with respect to 15,000 shares, and beginning March 31, 2013, with respect to 15,000 shares.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · derivative · entry 9

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Stock Option · 28,134 shares

Expires 2017-06-07

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: This report reflects (on Table I) (a) the acquisition of 28,134 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in June 2007 at a grant price of $29.33 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Buzby to receive 28,134 shares, of which (i) 5,134 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 17,372 were delivered to Farmer Mac to cover the exercise cost, and (iii) 5,628 were delivered to Mr. Buzby; (c) the sale of 5,628 shares; and (on Table II) (d) the exercise of the June 2007 employee stock option. The exercise of the June 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F6 · derivative.exercise_date: Exercisable beginning May 31, 2008 with respect to 9,378 shares, beginning May 31, 2009 with respect to 9,378 shares, and beginning May 31, 2010 with respect to 9,378 shares.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 6

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 61,784

F3 · shares: Mr. Buzby received 5,830 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 11,148 shares of the Corporation's Class C Non-Voting Common Stock, and 5,318 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 5

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,636

F3 · shares: Mr. Buzby received 5,830 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 11,148 shares of the Corporation's Class C Non-Voting Common Stock, and 5,318 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 4

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 70,954

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Buzby received 5,830 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 11,148 shares of the Corporation's Class C Non-Voting Common Stock, and 5,318 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 3

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,954

F1 · shares: This report reflects (on Table I) (a) the acquisition of 28,134 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in June 2007 at a grant price of $29.33 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Buzby to receive 28,134 shares, of which (i) 5,134 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 17,372 were delivered to Farmer Mac to cover the exercise cost, and (iii) 5,628 were delivered to Mr. Buzby; (c) the sale of 5,628 shares; and (on Table II) (d) the exercise of the June 2007 employee stock option. The exercise of the June 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 2

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 73,326

F1 · shares: This report reflects (on Table I) (a) the acquisition of 28,134 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in June 2007 at a grant price of $29.33 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Buzby to receive 28,134 shares, of which (i) 5,134 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 17,372 were delivered to Farmer Mac to cover the exercise cost, and (iii) 5,628 were delivered to Mr. Buzby; (c) the sale of 5,628 shares; and (on Table II) (d) the exercise of the June 2007 employee stock option. The exercise of the June 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000337 · wf-form4_147916347349172.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 78,460

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: This report reflects (on Table I) (a) the acquisition of 28,134 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock through the exercise of a stock option acquired by the Reporting Person in June 2007 at a grant price of $29.33 pursuant to former Rule 16b-3; (b) the net share settlement of his exercise, which entitled Mr. Buzby to receive 28,134 shares, of which (i) 5,134 were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise, (ii) 17,372 were delivered to Farmer Mac to cover the exercise cost, and (iii) 5,628 were delivered to Mr. Buzby; (c) the sale of 5,628 shares; and (on Table II) (d) the exercise of the June 2007 employee stock option. The exercise of the June 2007 employee stock option is exempt under Section 16(b) under Rule 16b-6 but is reported herein pursuant to Rule 16a-4.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · nonDerivative · entry 6

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,326

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F5 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $40.80 to $40.86, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 34,814 shares of unvested restricted stock previously granted pursuant to the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 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.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · nonDerivative · entry 5

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,507

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F4 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $39.76 to $40.74, inclusive. The Reporting Person undertakes to provide to the Federal Agricultural Mortgage Corporation, any security holder of the Federal Agricultural Mortgage Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 34,814 shares of unvested restricted stock previously granted pursuant to the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 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.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · derivative · entry 7

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30,000

Underlying: Class C Non-Voting Common Stock · 15,000 shares

Expires 2020-04-01

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · derivative.exercise_date: Exercisable beginning March 31, 2011, with respect to 15,000 shares, beginning March 31, 2012, with respect to 15,000 shares, and beginning March 31, 2013, with respect to 15,000 shares.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · nonDerivative · entry 4

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 55,827

F3 · shares: Mr. Buzby received 5,501 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 10,519 shares of the Corporation's Class C Non-Voting Common Stock, and 5,018 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 34,814 shares of unvested restricted stock previously granted pursuant to the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 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.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · nonDerivative · entry 3

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,308

F3 · shares: Mr. Buzby received 5,501 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 10,519 shares of the Corporation's Class C Non-Voting Common Stock, and 5,018 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 34,814 shares of unvested restricted stock previously granted pursuant to the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 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.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · nonDerivative · entry 2

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,326

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F3 · shares: Mr. Buzby received 5,501 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his partial exercise of 15,000 stock appreciation rights with a grant price of $12.20 per share. That partial exercise entitled Mr. Buzby to receive 10,519 shares of the Corporation's Class C Non-Voting Common Stock, and 5,018 shares were retained by Farmer Mac to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 34,814 shares of unvested restricted stock previously granted pursuant to the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 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.

SEC source: 0000845877-16-000326 · wf-form4_147811870259324.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,326

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F2 · balance_after: Includes 34,814 shares of unvested restricted stock previously granted pursuant to the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 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.

SEC source: 0000845877-16-000324 · wf-form4_147794728221519.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,706

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000322 · wf-form4_147561243206236.xml · nonDerivative · entry 1

JUNKINS LOWELL · CIK 0001246115 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,378.232

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2016, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 1,575 restricted shares of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2017 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-16-000321 · wf-form4_147561241586444.xml · nonDerivative · entry 1

Maxwell Clark · CIK 0001436983 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,702

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2016, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 1,575 restricted shares of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2017 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-16-000320 · wf-form4_147561239873411.xml · nonDerivative · entry 1

Everson Dennis A · CIK 0001292753 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,833

F1 · shares: Shares were issued pursuant to the director's existing election to purchase, at market value, newly issued shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock in lieu of receiving some or all of the director's quarterly retainer in cash. The market value is the closing price of the stock on September 30, 2016, the last business day of the quarter, as reported by the New York Stock Exchange.

F2 · balance_after: Includes 1,575 restricted shares of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2017 if the Reporting Person remains a director of Farmer Mac on that date.

SEC source: 0000845877-16-000313 · wf-form4_147449024050310.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,717

F1 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F2 · balance_after: Includes 34,814 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.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · derivative · entry 5

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 4,000 shares

Expires 2018-10-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 4

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,274

F3 · shares: Transaction effected pursuant to a trading plan adopted in accordance with Rule 10b5-1.

F4 · price: The price reported in Column 4 is a weighted average price. These shares of Class C Non-Voting Common Stock were sold in multiple transactions at prices ranging from $41.04 to $41.50, inclusive. The Reporting Person undertakes to provide to Farmer Mac, any security holder of Farmer Mac, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to Form 4.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 3

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,114

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 2

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,809

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-16-000311 · wf-form4_147431907332752.xml · nonDerivative · entry 1

Mullery Stephen P · CIK 0001551864 · SVP - General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,274

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: Mr. Mullery received 1,840 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock upon net share settlement of his exercise of 4,000 stock appreciation rights with a grant price of $7.35 per share. That exercise entitled Mr. Mullery to receive 3,305 shares of Farmer Mac's Class C Non-Voting Common Stock, and 1,465 shares were retained by Farmer Mac's to satisfy tax withholding requirements arising from the exercise. Each stock appreciation right represents the right to receive, upon exercise, the number of shares of Farmer Mac's Class C Non-Voting Common Stock equal to the excess of the fair market value of shares on the exercise date over the grant price.

F2 · balance_after: Includes 11,142 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.

SEC source: 0000845877-19-000042 · wf-form4_155139023456453.xml · nonDerivative · entry 1

Faivre-Davis Sara Louise · CIK 0001501976 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,876

F1 · shares: Transaction effected during an open trading window for employees and directors of the Federal Agricultural Mortgage Corporation ("Farmer Mac").

F2 · balance_after: Includes 635 restricted shares of Farmer Mac's Class C Non-Voting Common Stock that will vest on March 31, 2019 if the Reporting Person remains a director of Farmer Mac on that date.