Berce Daniel E - Jun 15, 2021 Form 4 Insider Report for Arlington Asset Investment Corp. (AAIC)

Role: Director
Signature: D. Scott Parish, Attorney-in-Fact
Stock symbol: AAIC
Transactions as of: Jun 15, 2021
Transactions value $: $0
Form type: 4
Date filed: 6/17/2021, 05:01 PM
Next filing: Jul 14, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	AAIC	Class A Common Stock						15K	Jun 15, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	AAIC	Deferred Stock Units	Award	$0	+19.6K		$0.00	19.6K	Jun 15, 2021	Class A Common Stock	19.6K		Direct	F2, F3
holding	AAIC	Restricted Stock Units						71.3K	Jun 15, 2021	Class A Common Stock			Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the current number of shares of Class A common stock owned. No transaction occurred and is for informational purposes only.
F2	Each deferred stock unit ("DSU") represents a contingent right to receive one share of Class A common stock.
F3	Represents annual grant of DSUs pursuant to the Company's 2021 Long-Term Incentive Plan in connection with the reporting person's service as a non-employee director of the Company. DSUs vest immediately on the award grant date. Vested DSUs are converted into shares of Class A common stock on a one-for-one basis upon the later of the reporting person's separation from service on the board or the first anniversary of the grant date (the "Settlement Date"). If a change in control occurs before the Settlement Date, the settlement will occur on the control change date. The reporting person does not have voting rights with respect to, but receives dividend equivalent payments on outstanding DSUs.
F4	Represents restricted stock units ("RSUs") previously granted pursuant the Company's prior long-term incentive plans. RSUs have the same material terms as DSUs. No transaction occurred and is for informational purposes only.