James R. Mountain - Oct 1, 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
Oct 1, 2021
Transactions value $
-$364,179
Form type
4
Date filed
10/1/2021, 05:12 PM
Previous filing
Aug 26, 2021
Next filing
Nov 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 Sale -$364K -33.7K -37.95% $10.81 55.1K Oct 1, 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 7.00% Series C Cumulative Redeemable Preferred Stock Gift $0 -500 -10% $0.00 4.5K Jul 27, 2021 Common Stock, par value $0.001 per share 1.31K By Spouse's Revocable Trust F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $10.78 to $10.86, inclusive. The reporting person undertakes to provide ARMOUR Residential REIT, Inc., any security holder of ARMOUR Residential REIT, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1).
F2 Upon the occurrence of a Change of Control (as defined in the Articles Supplementary relating to the Series C Preferred Stock) of the issuer, the reporting person will have the right to convert the shares of Series C Preferred Stock into a number of shares of common stock of the issuer per share of Series C Preferred Stock equal to the lesser of: (i) the quotient obtained by dividing (x) the sum of the $25.00 liquidation preference per share of Series C Preferred Stock plus the amount of any accumulated and unpaid dividends by (y) the Common Stock Price (as defined in the Articles Supplementary relating to the Series C Preferred Stock); and (ii) 2.613696, subject to certain adjustments indicated in the Articles Supplementary relating to the Series C Preferred Stock.
F3 The Series C Preferred Stock has no expiration date.