Robert C. Hain - 24 Aug 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Robert C. Hain
Issuer symbol
ARR
Transactions as of
24 Aug 2021
Net transactions value
-$14,962
Form type
4
Filing time
26 Aug 2021, 16:40:48 UTC
Previous filing
26 May 2021
Next filing
26 Nov 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 +15% $0.000000 22,169 24 Aug 2021 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer $14,962 -1,425 -6.4% $10.50 20,744 24 Aug 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 -18% $0.000000 12,950 24 Aug 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 August 24, 2021, the reporting person elected to convert 1,425 shares out of 2,850 shares of vested phantom stock into 1,425 shares of ARMOUR common stock. The person elected to convert the remaining 1,425 shares of vested phantom stock into cash solely to pay income taxes on the vested 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.