Tae M. & Young J. Kim - Page 3

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               Pursuant to the Fannie Mae ESPP, on the dates indicated, Ms.           
          Kim exercised certain options granted to her, and acquired the              
          number of shares of Fannie Mae stock shown, when the Fannie Mae             
          stock had the fair market value indicated:                                  
                                                        Fair Market                   
                                                          Value of                    
                                                           Shares                     
                                 Number of     Total      Acquired                    
                     Date of       Shares    Exercise     on Date                     
                    Exercise      Acquired   Price      of Exercise                   
                  Jan. 17, 2002   138.351    $9,131.17 1$11,362.08                    
                  Jan. 18, 2002   79.936     5,275.77   26,576.73                     
                  Jan. 22, 2002   86.085     5,681.61   37,129.99                     
                  Jan. 23, 2002   16.628     1,097.45   41,386.28                     
               1Fair market value per share was $82.125                               
               2Fair market value per share was $82.275                               
               3Fair market value per share was $82.825                               
               4Fair market value per share was $83.370                               
               In order to have the money to pay the exercise price of the            
          options exercised, on the dates indicated, Ms. Kim sold for the             
          gross proceeds shown the following shares of Fannie Mae stock               
          acquired as a result of the exercise of such options:                       

                                       Number of       Gross                          
                           Date       Shares Sold    Proceeds                         
                      Jan. 17, 2002      111.198     1$9,136.19                       
                      Jan. 18, 2002      64.248      25,289.03                        
                      Jan. 22, 2002      69.190      35,728.23                        
                      Jan. 23, 2002      13.364      41,114.87                        
               1Sales Price per share was $82.161500                                  
               2Sales Price per share was $82.322123                                  
               3Sales Price per share was $82.789796                                  
               4Sales Price per share was $83.423100                                  






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Last modified: May 25, 2011