James R. Mountain - May 24, 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chief Financial Officer
Signature
/s/ James R. Mountain
Stock symbol
ARR
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
4
Date filed
5/26/2021, 09:50 PM
Next filing
Aug 26, 2021

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 +6.67K +8.84% $0.00 82.1K May 24, 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 -6.67K -8.31% $0.00 73.6K May 24, 2021 Common Stock 6.67K 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 6,670 shares of vested phantom stock into 6,670 shares of ARMOUR common stock. The 6,670 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on Form 4 reports filed by the reporting person on November 22, 2017 and January 16, 2020; phantom stock vesting over a two-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on May 19, 2020; and phantom stock vesting over an approximately five-year period, which was reporting on a Form 4 report filed by the reporting person on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.