Covington John Curtis

SEC source: 0000845877-20-000018 · wf-form4_158206087353050.xml · derivative · entry 3

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,347

Underlying: Class C Non-Voting Common Stock · 4,347 shares

Expires 2025-02-14

F5 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F4 · derivative.exercise_date: Exercisable beginning March 31, 2021 with respect to 1,449 shares, beginning March 31, 2022 with respect to 1,449 shares, and beginning March 31, 2023 with respect to 1,449 shares.

SEC source: 0000845877-20-000018 · wf-form4_158206087353050.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,398

F3 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will "cliff" vest on March 31, 2023 if Farmer Mac maintains compliance with all applicable regulatory capital requirements and Farmer Mac meets certain performance objectives related to credit quality between January 1, 2020 and December 31, 2022.

F2 · balance_after: Includes 7,455 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-20-000018 · wf-form4_158206087353050.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,530

F1 · price: Grant of shares of time-vested restricted stock under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 578 shares of restricted stock that will vest on March 31, 2021, March 31, 2022, and March 31, 2023.

F2 · balance_after: Includes 7,455 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-19-000076 · wf-form4_155423727131064.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,796

F1 · shares: On March 31, 2019, (i) 2,334 shares of restricted stock vested that were granted in March 2016, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to capital and portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 1,053 shares to satisfy withholding requirements, (ii) 1,554 shares of restricted stock vested as the third installment of the time-based award granted in March 2016, for which Farmer Mac retained 701 shares to satisfy withholding requirements, (iii) 858 shares of restricted stock vested as the second installment of the time-based award granted in March 2017, for which Farmer Mac retained 387 shares to satisfy withholding requirements, and (iv) 626 shares of restricted stock vested as the first installment of the time-based award granted in March 2018, for which Farmer Mac retained 283 shares to satisfy withholding requirements.

F2 · price: 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 New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 7,455 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-19-000057 · wf-form4_155147589359913.xml · derivative · entry 4

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,353

Underlying: Class C Non-Voting Common Stock · 4,353 shares

Expires 2029-02-27

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2020 with respect to 1,451 shares, beginning March 31, 2021 with respect to 1,451 shares, and beginning March 31, 2022 with respect to 1,451 shares.

SEC source: 0000845877-19-000057 · wf-form4_155147589359913.xml · nonDerivative · entry 3

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,220

F4 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2022 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for the period starting on January 1, 2019 and ending on December 31, 2021.

F2 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-19-000057 · wf-form4_155147589359913.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,700

F3 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2022 if Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 1, 2019 and December 31, 2021, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.

F2 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-19-000057 · wf-form4_155147589359913.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Chief Credit Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,180

F1 · price: Grant of shares of time-vested restricted stock under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 2008 Amended and Restated Omnibus Incentive Plan for no consideration. Includes three installments of 693 shares of restricted stock that will each vest on March 31, 2020, March 31, 2021, and March 31, 2022, respectively.

F2 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000185 · wf-form4_154361340073379.xml · nonDerivative · entry 3

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,101

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 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000185 · wf-form4_154361340073379.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,104

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

F3 · 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 $66.82 to $67.635, 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 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000185 · wf-form4_154361340073379.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,101

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 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000139 · wf-form4_152823183900914.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,101

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

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000139 · wf-form4_152823183900914.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,481

F1 · shares: Transaction effected during an open trading window for 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 $94.23 to $94.71, 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 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000122 · wf-form4_152710797194254.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,401

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

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000122 · wf-form4_152710797194254.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,801

F1 · shares: Transaction effected during an open trading window for 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 $89.99 to $90.72, 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 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · derivative · entry 16

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,238

Underlying: Class C Non-Voting Common Stock · 1,619 shares

Expires 2027-03-14

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F6 · shares: In connection with the net share settlement of the exercise of 1,619 vested SARs granted in March 2017 with a grant price of $60.84 per share, Mr. Covington was entitled to receive 537 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 332 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F9 · derivative.exercise_date: Exercisable beginning March 31, 2018 with respect to 1,619 shares, beginning March 31, 2019 with respect to 1,619 shares, and beginning March 31, 2020 with respect to 1,619 shares.

SEC source: 0000845877-18-000111 · wf-form4_152667573779295.xml · derivative · entry 15

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,412

Underlying: Class C Non-Voting Common Stock · 3,412 shares

Expires 2026-03-15

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F5 · shares: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 2,072 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,282 shares, and Farmer Mac retained 790 shares to satisfy tax withholding requirements arising from the exercise. The 1,340 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F8 · derivative.exercise_date: Exercisable beginning March 31, 2017 with respect to 3,412 shares, beginning March 31, 2018 with respect to 3,412 shares, and beginning March 31, 2019 with respect to 3,412 shares.

SEC source: 0000845877-18-000111 · wf-form4_152667573779295.xml · derivative · entry 14

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 2,690 shares

Expires 2025-04-01

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 2,690 vested SARs granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,733 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,072 shares, and Farmer Mac retained 661 shares to satisfy tax withholding requirements arising from the exercise. The 957 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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, 2016 with respect to 2,690 shares, beginning March 31, 2017 with respect to 2,690 shares, and beginning March 31, 2018 with respect to 2,690 shares.

SEC source: 0000845877-18-000111 · wf-form4_152667573779295.xml · derivative · entry 13

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

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

Expires 2025-01-26

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: In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in January 2015 with a grant price of $28.17 per share, Mr. Covington was entitled to receive 2,763 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,710 shares, and Farmer Mac retained 1,053 shares to satisfy tax withholding requirements arising from the exercise. The 1,237 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

SEC source: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 12

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,797

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F6 · shares: In connection with the net share settlement of the exercise of 1,619 vested SARs granted in March 2017 with a grant price of $60.84 per share, Mr. Covington was entitled to receive 537 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 332 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 11

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,879

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F6 · shares: In connection with the net share settlement of the exercise of 1,619 vested SARs granted in March 2017 with a grant price of $60.84 per share, Mr. Covington was entitled to receive 537 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 332 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 10

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,084

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F6 · shares: In connection with the net share settlement of the exercise of 1,619 vested SARs granted in March 2017 with a grant price of $60.84 per share, Mr. Covington was entitled to receive 537 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 332 shares, and Farmer Mac retained 205 shares to satisfy tax withholding requirements arising from the exercise. The 1,082 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 9

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,465

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F5 · shares: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 2,072 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,282 shares, and Farmer Mac retained 790 shares to satisfy tax withholding requirements arising from the exercise. The 1,340 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 8

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,805

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F5 · shares: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 2,072 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,282 shares, and Farmer Mac retained 790 shares to satisfy tax withholding requirements arising from the exercise. The 1,340 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 7

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,595

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F5 · shares: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 2,072 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,282 shares, and Farmer Mac retained 790 shares to satisfy tax withholding requirements arising from the exercise. The 1,340 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 6

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,183

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 2,690 vested SARs granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,733 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,072 shares, and Farmer Mac retained 661 shares to satisfy tax withholding requirements arising from the exercise. The 957 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 5

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,140

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 2,690 vested SARs granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,733 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,072 shares, and Farmer Mac retained 661 shares to satisfy tax withholding requirements arising from the exercise. The 957 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 4

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,801

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.

F2 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F4 · shares: In connection with the net share settlement of the exercise of 2,690 vested SARs granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,733 shares of the Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,072 shares, and Farmer Mac retained 661 shares to satisfy tax withholding requirements arising from the exercise. The 957 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 3

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,111

F1 · shares: In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in January 2015 with a grant price of $28.17 per share, Mr. Covington was entitled to receive 2,763 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,710 shares, and Farmer Mac retained 1,053 shares to satisfy tax withholding requirements arising from the exercise. The 1,237 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,348

F1 · shares: In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in January 2015 with a grant price of $28.17 per share, Mr. Covington was entitled to receive 2,763 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,710 shares, and Farmer Mac retained 1,053 shares to satisfy tax withholding requirements arising from the exercise. The 1,237 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000111 · wf-form4_152667573779295.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · EVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,401

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: In connection with the net share settlement of the exercise of 4,000 vested stock appreciation rights ("SARs") granted in January 2015 with a grant price of $28.17 per share, Mr. Covington was entitled to receive 2,763 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 1,710 shares, and Farmer Mac retained 1,053 shares to satisfy tax withholding requirements arising from the exercise. The 1,237 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 · shares: Transaction effected during an open trading window for employees and directors of Farmer Mac.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000070 · wf-form4_152278835412736.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,401

F1 · shares: On March 31, 2018, (i) 2,310 shares of restricted stock vested that were granted in April 2015, upon the Federal Agricultural Mortgage Corporation's ("Farmer Mac") achievement of certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for which Farmer Mac retained 996 shares to satisfy withholding requirements, (ii) 1,540 shares of restricted stock vested as the third installment of the time-based award granted in April 2015, for which Farmer Mac retained 664 shares to satisfy withholding requirements, (iii) 1,554 shares of restricted stock vested as the second installment of the time-based award granted in March 2016, for which Farmer Mac retained 670 shares to satisfy withholding requirements, and (iv) 858 shares of restricted stock vested as the first installment of the time-based award granted in March 2017, for which Farmer Mac retained 370 shares to satisfy withholding requirements.

F2 · price: 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 New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 9,708 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000053 · wf-form4_152114473337777.xml · derivative · entry 4

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,513

Underlying: Class C Non-Voting Common Stock · 3,513 shares

Expires 2028-03-13

F6 · price: Grant of stock appreciation rights under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2019 with respect to 1,171 shares, beginning March 31, 2020 with respect to 1,171 shares, and beginning March 31, 2021 with respect to 1,171 shares.

SEC source: 0000845877-18-000053 · wf-form4_152114473337777.xml · nonDerivative · entry 3

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,101

F4 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2021 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for the period starting on January 1, 2018 and ending on December 31, 2020.

F2 · balance_after: Includes 13,152 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000053 · wf-form4_152114473337777.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,631

F3 · price: Grant of shares of performance-based restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. The shares will vest on March 31, 2021 if the Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 1, 2018 and December 31, 2020, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.

F2 · balance_after: Includes 13,152 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-18-000053 · wf-form4_152114473337777.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,161

F1 · price: Grant of shares of time-vested restricted stock under Farmer Mac's Amended and Restated 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 626 shares of restricted stock, each of which will vest on March 31, 2019, March 31, 2020, and March 31, 2021, respectively.

F2 · balance_after: Includes 13,152 shares of unvested restricted stock previously granted pursuant to Farmer Mac's Amended and Restated 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: 0000845877-17-000163 · wf-form4_151181769286720.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,283

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 13,152 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: 0000845877-17-000134 · wf-form4_150481621104072.xml · derivative · entry 8

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,824

Underlying: Class C Non-Voting Common Stock · 3,412 shares

Expires 2026-03-15

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: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 1,543 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 806 shares, and Farmer Mac retained 737 shares to satisfy tax withholding requirements arising from the exercise. The 1,869 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2017 with respect to 3,412 shares, beginning March 31, 2018 with respect to 3,412 shares, and beginning March 31, 2019 with respect to 3,412 shares.

SEC source: 0000845877-17-000134 · wf-form4_150481621104072.xml · derivative · entry 7

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,690

Underlying: Class C Non-Voting Common Stock · 2,690 shares

Expires 2025-04-01

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.

F1 · shares: In connection with the net share settlement of the exercise of 2,690 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,355 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 708 shares, and Farmer Mac retained 647 shares to satisfy tax withholding requirements arising from the exercise. The 1,335 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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.

F4 · derivative.exercise_date: Exercisable beginning March 31, 2016 with respect to 2,690 shares, beginning March 31, 2017 with respect to 2,690 shares, and beginning March 31, 2018 with respect to 2,690 shares.

SEC source: 0000845877-17-000134 · wf-form4_150481621104072.xml · nonDerivative · entry 6

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,858

F3 · shares: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 1,543 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 806 shares, and Farmer Mac retained 737 shares to satisfy tax withholding requirements arising from the exercise. The 1,869 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 13,152 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: 0000845877-17-000134 · wf-form4_150481621104072.xml · nonDerivative · entry 5

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,727

F3 · shares: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 1,543 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 806 shares, and Farmer Mac retained 737 shares to satisfy tax withholding requirements arising from the exercise. The 1,869 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 13,152 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: 0000845877-17-000134 · wf-form4_150481621104072.xml · nonDerivative · entry 4

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,464

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: In connection with the net share settlement of the exercise of 3,412 vested SARs granted in March 2016 with a grant price of $35.75 per share, Mr. Covington was entitled to receive 1,543 shares of Farmer Mac's Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 806 shares, and Farmer Mac retained 737 shares to satisfy tax withholding requirements arising from the exercise. The 1,869 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 13,152 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: 0000845877-17-000134 · wf-form4_150481621104072.xml · nonDerivative · entry 3

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,052

F1 · shares: In connection with the net share settlement of the exercise of 2,690 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,355 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 708 shares, and Farmer Mac retained 647 shares to satisfy tax withholding requirements arising from the exercise. The 1,335 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 13,152 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: 0000845877-17-000134 · wf-form4_150481621104072.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,387

F1 · shares: In connection with the net share settlement of the exercise of 2,690 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,355 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 708 shares, and Farmer Mac retained 647 shares to satisfy tax withholding requirements arising from the exercise. The 1,335 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 13,152 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: 0000845877-17-000134 · wf-form4_150481621104072.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,034

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: In connection with the net share settlement of the exercise of 2,690 vested stock appreciation rights ("SARs") granted in April 2015 with a grant price of $32.39 per share, Mr. Covington was entitled to receive 1,355 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. None of these shares were sold, as Mr. Covington retained 708 shares, and Farmer Mac retained 647 shares to satisfy tax withholding requirements arising from the exercise. The 1,335 shares reported as a disposition to the issuer of issuer equity securities represents the difference between the number of SARs exercised and the number of shares issuable as a result of the exercise. Each SAR 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 13,152 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: 0000845877-17-000072 · wf-form4_149125027078403.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,344

F1 · shares: On March 31, 2017, (i) 1,540 shares of restricted stock vested as the second installment of the time-based award granted in April 2015, for which Farmer Mac retained 735 shares to satisfy withholding requirements, and (ii) 1,554 shares of restricted stock vested as the first installment of the time-based award granted in March 2016, for which Farmer Mac retained 742 shares to satisfy withholding requirements.

F2 · price: 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 New York Stock Exchange on the last trading day before the vesting date.

F3 · balance_after: Includes 13,152 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: 0000845877-17-000056 · wf-form4_148969470820773.xml · derivative · entry 4

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,857

Underlying: Class C Non-Voting Common Stock · 4,857 shares

Expires 2027-03-14

F6 · price: Grant of stock appreciation rights under Farmer Mac's 2008 Omnibus Incentive Plan for no consideration.

F5 · derivative.exercise_date: Exercisable beginning March 31, 2018 with respect to 1,619 shares, beginning March 31, 2019 with respect to 1,619 shares, and beginning March 31, 2020 with respect to 1,619 shares.

SEC source: 0000845877-17-000056 · wf-form4_148969470820773.xml · nonDerivative · entry 3

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,821

F4 · price: 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, 2020 if Farmer Mac meets certain performance objectives related to portfolio charge-offs and delinquencies, as specified in the related award agreement, for the period starting on January 1, 2017 and ending on December 31, 2019.

F2 · balance_after: Includes 12,386 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: 0000845877-17-000056 · wf-form4_148969470820773.xml · nonDerivative · entry 2

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,178

F3 · price: 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, 2020 if the Farmer Mac maintains compliance with all applicable regulatory capital requirements between January 1, 2017 and December 31, 2019, with the percentage of shares that will vest to be determined by the Compensation Committee of Farmer Mac's Board of Directors.

F2 · balance_after: Includes 12,386 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: 0000845877-17-000056 · wf-form4_148969470820773.xml · nonDerivative · entry 1

Covington John Curtis · CIK 0001629451 · SVP - Agricultural Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,535

F1 · price: Grant of shares of time-vested restricted stock under the Federal Agricultural Mortgage Corporation's ("Farmer Mac") 2008 Omnibus Incentive Plan for no consideration. Includes three installments of 858 shares of restricted stock that will vest on March 31, 2018, March 31, 2019, and March 31, 2020, respectively.

F2 · balance_after: Includes 12,386 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.