BUZBY TIMOTHY L

SEC source: 0000845877-17-000151 · wf-form4_150775304330358.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,723

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

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 $74.85 to $75.00, inclusive. The Reporting Person undertakes to provide to the Federal Agricultural Mortgage Corporation ("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 28,815 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: 0000845877-17-000148 · wf-form4_150714826741387.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 39,660

F1 · shares: The shares sold represent the remaining net shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock that Mr. Buzby received in connection with the net share settlement of his exercise of 19,509 vested stock appreciation rights granted in June 2008 with a grant price of $28.94 per share that has been previously reported in Farmer Mac's prior filings with the Securities and Exchange Commission.

F2 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

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 $72.41 to $73.03, 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.

F4 · balance_after: Includes 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 8

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,984

F1 · shares: In connection with the net share settlement of the exercise of 19,509 vested stock appreciation rights ("SARs") granted in June 2008 with a grant price of $28.94 per share, Mr. Buzby was entitled to receive 11,958 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 5,704 shares to satisfy tax withholding requirements arising from the exercise, and 3,930 shares of the 6,254 shares retained by Mr. Buzby were sold on September 29, 2017. The 7,551 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 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 $73.47 to $73.80, 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 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 7

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 42,884

F1 · shares: In connection with the net share settlement of the exercise of 19,509 vested stock appreciation rights ("SARs") granted in June 2008 with a grant price of $28.94 per share, Mr. Buzby was entitled to receive 11,958 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 5,704 shares to satisfy tax withholding requirements arising from the exercise, and 3,930 shares of the 6,254 shares retained by Mr. Buzby were sold on September 29, 2017. The 7,551 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 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 $72.40 to $73.32, 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 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 6

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,914

F2 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F3 · balance_after: Includes 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 5

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,014

F2 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F3 · balance_after: Includes 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · derivative · entry 9

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class C Non-Voting Common Stock · 19,509 shares

Expires 2018-06-05

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 19,509 vested stock appreciation rights ("SARs") granted in June 2008 with a grant price of $28.94 per share, Mr. Buzby was entitled to receive 11,958 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 5,704 shares to satisfy tax withholding requirements arising from the exercise, and 3,930 shares of the 6,254 shares retained by Mr. Buzby were sold on September 29, 2017. The 7,551 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 pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F6 · derivative.exercise_date: Exercisable beginning May 31, 2009 with respect to 6,503 shares, beginning May 31, 2010 with respect to 6,503 shares, and beginning May 31, 2011 with respect to 6,503 shares.

SEC source: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 4

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,094

F2 · shares: Transaction effected pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F3 · balance_after: Includes 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 3

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,544

F1 · shares: In connection with the net share settlement of the exercise of 19,509 vested stock appreciation rights ("SARs") granted in June 2008 with a grant price of $28.94 per share, Mr. Buzby was entitled to receive 11,958 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 5,704 shares to satisfy tax withholding requirements arising from the exercise, and 3,930 shares of the 6,254 shares retained by Mr. Buzby were sold on September 29, 2017. The 7,551 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 pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F3 · balance_after: Includes 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 2

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 60,095

F1 · shares: In connection with the net share settlement of the exercise of 19,509 vested stock appreciation rights ("SARs") granted in June 2008 with a grant price of $28.94 per share, Mr. Buzby was entitled to receive 11,958 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 5,704 shares to satisfy tax withholding requirements arising from the exercise, and 3,930 shares of the 6,254 shares retained by Mr. Buzby were sold on September 29, 2017. The 7,551 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 pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F3 · balance_after: Includes 28,815 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: 0000845877-17-000140 · wf-form4_150671947127871.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65,799

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 19,509 vested stock appreciation rights ("SARs") granted in June 2008 with a grant price of $28.94 per share, Mr. Buzby was entitled to receive 11,958 shares of the Federal Agricultural Mortgage Corporation's ("Farmer Mac") Class C Non-Voting Common Stock. Farmer Mac retained 5,704 shares to satisfy tax withholding requirements arising from the exercise, and 3,930 shares of the 6,254 shares retained by Mr. Buzby were sold on September 29, 2017. The 7,551 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 pursuant to a trading plan adopted by Mr. Buzby in accordance with Rule 10b5-1.

F3 · balance_after: Includes 28,815 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: 0000845877-17-000073 · wf-form4_149125029195949.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 46,290

F1 · shares: On March 31, 2017, (i) 4,620 shares of restricted stock vested that were granted in April 2014, 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 2,204 shares to satisfy withholding requirements, (ii) 3,080 shares of restricted stock vested as the third installment of the time-based award granted in April 2014, for which Farmer Mac retained 1,470 shares to satisfy withholding requirements, (iii) 3,360 shares of restricted stock vested as the second installment of the time-based award granted in April 2015, for which Farmer Mac retained 1,603 shares to satisfy withholding requirements, and (iv) 3,412 shares of restricted stock vested as the first installment of the time-based award granted in March 2016, for which Farmer Mac retained 1,628 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 28,815 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: 0000845877-17-000055 · wf-form4_148969468823723.xml · derivative · entry 4

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,662

Underlying: Class C Non-Voting Common Stock · 10,662 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 3,554 shares, beginning March 31, 2019 with respect to 3,554 shares, and beginning March 31, 2020 with respect to 3,554 shares.

SEC source: 0000845877-17-000055 · wf-form4_148969468823723.xml · nonDerivative · entry 3

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 53,195

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 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: 0000845877-17-000055 · wf-form4_148969468823723.xml · nonDerivative · entry 2

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 51,783

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 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: 0000845877-17-000055 · wf-form4_148969468823723.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,371

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 1,883 shares of restricted stock that will vest on March 31, 2018, March 31, 2019, and March 31, 2020, respectively.

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: 0000845877-16-000353 · wf-form4_147950637313948.xml · nonDerivative · entry 5

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,722

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

F3 · 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: 0000845877-16-000353 · wf-form4_147950637313948.xml · derivative · entry 6

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

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.

F4 · shares: Mr. Buzby received 6,023 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of his remaining 15,000 stock appreciation rights awarded in 2010 with a grant price of $12.20 per share. That exercise entitled Mr. Buzby to receive 11,518 shares of the Corporation's Class C Non-Voting Common Stock, and 5,495 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.

F5 · 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: 0000845877-16-000353 · wf-form4_147950637313948.xml · nonDerivative · entry 4

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,745

F4 · shares: Mr. Buzby received 6,023 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of his remaining 15,000 stock appreciation rights awarded in 2010 with a grant price of $12.20 per share. That exercise entitled Mr. Buzby to receive 11,518 shares of the Corporation's Class C Non-Voting Common Stock, and 5,495 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.

F3 · 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: 0000845877-16-000353 · wf-form4_147950637313948.xml · nonDerivative · entry 3

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 54,227

F4 · shares: Mr. Buzby received 6,023 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of his remaining 15,000 stock appreciation rights awarded in 2010 with a grant price of $12.20 per share. That exercise entitled Mr. Buzby to receive 11,518 shares of the Corporation's Class C Non-Voting Common Stock, and 5,495 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.

F3 · 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: 0000845877-16-000353 · wf-form4_147950637313948.xml · nonDerivative · entry 2

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,722

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.

F4 · shares: Mr. Buzby received 6,023 shares of Farmer Mac's Class C Non-Voting Common Stock upon net share settlement of his exercise of his remaining 15,000 stock appreciation rights awarded in 2010 with a grant price of $12.20 per share. That exercise entitled Mr. Buzby to receive 11,518 shares of the Corporation's Class C Non-Voting Common Stock, and 5,495 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.

F3 · 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: 0000845877-16-000353 · wf-form4_147950637313948.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 44,722

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

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 $51.75 to $51.825, inclusive. The Reporting Person undertakes to provide to the Federal Agricultural Mortgage Corporation ("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 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: 0000845877-16-000351 · wf-form4_147933502591031.xml · nonDerivative · entry 1

BUZBY TIMOTHY L · CIK 0001250221 · President and CEO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 47,589

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 ("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: 0000845877-16-000337 · 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: 0000845877-16-000337 · 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: 0000845877-16-000313 · 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.