Daniel C. Staton - Nov 23, 2021 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Chairman of the Board, Director
Signature
/s/ Daniel C. Staton
Stock symbol
ARR
Transactions as of
Nov 23, 2021
Transactions value $
$0
Form type
4
Date filed
11/26/2021, 04:24 PM
Previous filing
Oct 5, 2021
Next filing
Jan 4, 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 +0.7% $0.00 316K Nov 23, 2021 See Footnote. F1, F2
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2.5K +0.79% $0.00 319K Nov 23, 2021 See Footnote. F2, F3

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, F4, F5
transaction ARR Phantom Stock Options Exercise $0 -2.5K -3.15% $0.00 77K Nov 23, 2021 Common Stock 2.5K Direct F3, F4
* 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 five-year periods, which was reported on Form 4 reports filed by the reporting person on November 22, 2017, January 16, 2020, and January 14, 2021.
F2 Represents shares owned indirectly through DM Staton Family Limited Partnership. The reporting person is a general partner and a limited partner of DM Staton Family Limited Partnership. The reporting person has a pecuniary interest in the shares held by DM Staton Family Limited Partnership.
F3 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 five-year periods, which was reported on the Form 4 report filed by the reporting person on January 14, 2021.
F4 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.
F5 The totals are being corrected due to a math error in a previous Form 4.