G. Hunter Haas IV - Dec 29, 2022 Form 4/A - Amendment Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Chief Financial Officer, Director
Signature
/s/ G. Hunter Haas, IV
Stock symbol
ORC
Transactions as of
Dec 29, 2022
Transactions value $
-$2,651
Form type
4/A - Amendment
Date filed
1/5/2023, 07:08 AM
Date Of Original Report
Jan 3, 2023
Previous filing
Dec 1, 2022
Next filing
Mar 29, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $0 +812 +2.3% $0.00 36.1K Dec 29, 2022 Direct F1
transaction ORC Common Stock Tax liability -$2.65K -241 -0.67% $11.00 35.9K Dec 29, 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 -812 -5.17% $0.00 14.9K Dec 29, 2022 Common Stock 812 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 812 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.