Marc H. Bell - Nov 23, 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Marc H. Bell
Stock symbol
ARR
Transactions as of
Nov 23, 2021
Transactions value $
$0
Form type
4
Date filed
11/26/2021, 03:52 PM
Previous filing
Aug 26, 2021
Next filing
Feb 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 +2.2K +6.57% $0.00 35.7K Nov 23, 2021 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2.5K +7% $0.00 38.2K Nov 23, 2021 Direct F2

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 -2.2K -2.69% $0.00 79.5K Nov 23, 2021 Common Stock 2.2K Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -2.5K -3.15% $0.00 77K Nov 23, 2021 Common Stock 2.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 23, 2021, the reporting person elected to convert 2,200 shares of vested phantom stock into 2,200 shares of ARMOUR common stock. The 2,200 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 On November 23, 2021, the reporting person elected to convert 2,500 shares of vested phantom stock into 2,500 shares of ARMOUR common stock. The 2,500 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.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.