Robert E. Cauley - 29 Dec 2022 Form 4/A - Amendment Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Chief Executive Officer, Director
Signature
/s/ Robert E. Cauley
Issuer symbol
ORC
Transactions as of
29 Dec 2022
Net transactions value
-$1,364
Form type
4/A - Amendment
Filing time
04 Jan 2023, 07:22:37 UTC
Date Of Original Report
03 Jan 2023
Previous filing
18 Nov 2022
Next filing
29 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +1,065 +2.5% $0.000000 43,699 29 Dec 2022 Direct F1
transaction ORC Common Stock Tax liability $1,364 -124 -0.28% $11.00 43,575 29 Dec 2022 Direct F2, F3

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 ORC Performance Units Options Exercise $0 -1,066 -5.2% $0.000000 19,546 29 Dec 2022 Common Stock 1,066 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 1,065 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on March 22, 2021 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2020 Long Term Equity Incentive Compensation Plan. Cash was paid in lieu of issuing fractional shares based on the closing price of the Company's common stock on December 27, 2022.
F2 The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares.
F3 The price represents the closing price of the Company's common stock on December 27, 2022.

Remarks:

This amendment is being filed to change the reference in the footnotes from dates in September 2022 to December 2022, which were inadvertently misstated. The information presented in the tables is unaffected by this amendment.