Freddie Mac 2008 Annual Report Download - page 59

Comparative Cumulative Total Stockholder Return
(in dollars)
$0
$50
$75
$25
$100
$125
$150
$200
$175
S&P 500
S&P 500 Financials
Freddie Mac
12/31/200812/31/200712/31/200612/31/200512/31/200412/31/2003
2003 2004 2005 2006 2007 2008
At December 31,
Freddie Mac . . . . . . . . . . . . . . . ........... $100 $129 $117 $125 $ 65 $ 1
S&P 500 Financials . . . . . . . . . . ........... 100 111 118 141 115 51
S&P500............................. 100 111 116 135 142 90
Recent Sales of Unregistered Securities
The securities we issue are “exempted securities” under the Securities Act of 1933, as amended. As a result, we do not
file registration statements with the SEC with respect to offerings of our securities.
Following the implementation of the conservatorship, we have suspended the operation of our Employee Stock Purchase
Plan, or ESPP, and are no longer making grants under our 2004 Stock Compensation Plan, or 2004 Employee Plan, or our
1995 Directors’ Stock Compensation Plan, as amended and restated, or Directors’ Plan. Under the Purchase Agreement, we
cannot issue any new options, rights to purchase, participations or other equity interests without Treasury’s prior approval.
However, grants outstanding as of the date of the Purchase Agreement remain in effect in accordance with their terms. Prior
to the implementation of the conservatorship, we regularly provided stock compensation to our employees and members of
our Board of Directors under the ESPP, the 2004 Employee Plan and the Directors’ Plan. Prior to the stockholder approval of
the 2004 Employee Plan, employee stock-based compensation was awarded in accordance with the terms of the 1995 Stock
Compensation Plan, or 1995 Employee Plan. Although grants are no longer made under the 1995 Employee Plan, we
currently have awards outstanding under this plan. We collectively refer to the 2004 Employee Plan and 1995 Employee Plan
as the Employee Plans.
During the three months ended December 31, 2008, no stock options were granted or exercised under our Employee
Plans or Directors’ Plan. Under our ESPP, no options to purchase shares of common stock were exercised and no options to
purchase shares of common stock were granted during the three months ended December 31, 2008. Further, for the three
months ended December 31, 2008, under the Employee Plans and Directors’ Plan, no restricted stock units were granted and
restrictions lapsed on 102,829 restricted stock units.
See “NOTE 11: STOCK-BASED COMPENSATION” to our consolidated financial statements for more information.
Issuer Purchases of Equity Securities
We did not repurchase any of our common or preferred stock during the three months ended December 31, 2008.
Additionally, we do not currently have any outstanding authorizations to repurchase common or preferred stock. Under the
Purchase Agreement, we cannot repurchase our common or preferred stock without Treasury’s prior consent, and we may
only purchase or redeem the senior preferred stock in certain limited circumstances set forth in the Certificate of Creation,
Designation, Powers, Preferences, Rights, Privileges, Qualifications, Limitations, Restrictions, Terms and Conditions of
Variable Liquidation Preference Senior Preferred Stock.
56 Freddie Mac