Gordon Harper - May 24, 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
May 24, 2021
Transactions value $
-$10,431
Form type
4
Date filed
5/26/2021, 09:50 PM
Next filing
May 25, 2022

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 +2.9K +13.36% $0.00 24.6K May 24, 2021 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$10.4K -870 -3.54% $11.99 23.7K May 24, 2021 Direct

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 -2.9K -7.3% $0.00 36.8K May 24, 2021 Common Stock 2.9K 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 2,030 shares out of 2,900 shares of vested phantom stock into 2,030 shares of ARMOUR common stock. The person elected to convert the remaining 870 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 2,900 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.