Z. Jamie Behar - 24 May 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Z. Jamie Behar
Issuer symbol
ARR
Transactions as of
24 May 2021
Net transactions value
$0
Form type
4
Filing time
26 May 2021, 21:47:18 UTC
Next filing
06 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2,850 +14% $0.000000 22,708 24 May 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 ARR Phantom Stock Options Exercise $0 -2,850 -15% $0.000000 15,800 24 May 2021 Common Stock 2,850 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 24, 2021, the reporting person elected to convert 2,850 shares of vested phantom stock into 2,850 shares of ARMOUR common stock. The 2,850 shares are part of, and relate to, phantom stock vesting over a period of approximately two years, which was reported on a Form 4 report filed by the reporting person on January 16, 2020 and phantom stock vesting over a period of approximately five years, which was reported on a Form 4 report filed by the person on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.