Farmer Mac Reports Officers' Amendments to 10b5-1 Trading Plans
30 Maio 2008 - 7:38PM
PR Newswire (US)
WASHINGTON, May 30 /PRNewswire-FirstCall/ -- The Federal
Agricultural Mortgage Corporation (Farmer Mac, NYSE: AGM and AGM.A)
reported that two of its officers have amended existing prearranged
trading plans, in accordance with Securities and Exchange
Commission Rule 10b5-1 and Farmer Mac's policy on securities trades
by company personnel. Under Rule 10b5-1, directors and officers of
a company may adopt a prearranged plan or contract for the sale of
the company's securities under specified conditions and times if
the person has no material non-public information about the
company. The plans, which were originally adopted in November 2005
by Henry D. Edelman, President and CEO, and Nancy E. Corsiglia,
Executive Vice President and CFO, were entered into and amended by
the officers for personal financial planning purposes. By the
amendments reported today, Mr. Edelman added an aggregate of
316,299 10-year options granted in 2001, 2002, 2005, 2006 and 2007,
and Ms. Corsiglia added an aggregate of 142,070 options with the
same terms, to their respective plans. Farmer Mac is the
stockholder-owned instrumentality of the United States chartered by
Congress to establish a secondary market for agricultural real
estate and rural housing mortgage loans and rural utilities loans
and to facilitate capital markets funding for USDA-guaranteed farm
program and rural development loans. DATASOURCE: Farmer Mac
CONTACT: Mary K. Waters of Farmer Mac, +1-202-872-7700 Web site:
http://www.farmermac.com/
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