| 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 | +18.5K | +12.23% | $0.00 | 170K | Aug 24, 2021 | Direct | F1 |
| transaction | ARR | Common Stock, par value $0.001 per share | Disposed to Issuer | -$77.9K | -7.42K | -4.36% | $10.50 | 163K | Aug 24, 2021 | Direct | F1 |
| holding | ARR | Common Stock, par value $0.001 per share | 80K | Aug 24, 2021 | By ARMOUR Capital Management LP | F2 |
| 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 | -18.5K | -6.73% | $0.00 | 257K | Aug 24, 2021 | Common Stock | 18.5K | Direct | F1, F3 |
| Id | Content |
|---|---|
| F1 | On August 24, 2021, the reporting person elected to convert 11,124 shares out of 18,540 shares of vested phantom stock into 11,124 shares of ARMOUR common stock. The person elected to convert the remaining 7,416 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 18,540 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 a six-and-a-half year period, which was reported on a Form 4 report filed by the reporting person on January 14, 2021. |
| F2 | The reported shares were purchased and are owned directly by ARMOUR Capital Management LP ("ACM"), a limited partnership that is the external manager of the issuer. The shares have been reported in the aggregate for both Mr. Ulm herein and Mr. Jeffrey Zimmer, a Co-CEO of the issuer, in a separate Form 4 report. Mr. Ulm is the sole controlling member of Stacumny LLC, which is one of the general partners of ACM, along with an entity controlled by Mr. Zimmer. Mr. Ulm disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |
| F3 | Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock. |