Thomas K. Guba - 23 Nov 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Thomas K. Guba
Issuer symbol
ARR
Transactions as of
23 Nov 2021
Net transactions value
$0
Form type
4
Filing time
26 Nov 2021, 15:53:05 UTC
Previous filing
26 Aug 2021
Next filing
25 Feb 2022
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 +2,950 +3.9% $0.000000 77,725 23 Nov 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 -2,950 -23% $0.000000 10,000 23 Nov 2021 Common Stock 2,950 Direct F1, F2
* 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 2,950 shares of vested phantom stock into 2,950 shares of ARMOUR common stock. The 2,950 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.