Gordon Harper - 24 Aug 2021 Form 4/A - Amendment Insider Report for Armour Residential REIT, Inc. (ARR)

Signature
/s/ Gordon Harper
Issuer symbol
ARR
Transactions as of
24 Aug 2021
Net transactions value
-$9,282
Form type
4/A - Amendment
Filing time
25 May 2022, 17:12:01 UTC
Date Of Original Report
26 Aug 2021
Previous filing
26 May 2021
Next filing
26 Nov 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 Options Exercise $0 +3,000 +10% $0.000000 33,111 24 Aug 2021 Direct F1, F2
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer $9,282 -884 -2.9% $10.50 30,011 24 Aug 2021 Direct F1, 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 -3,000 -9.7% $0.000000 27,800 24 Aug 2021 Common Stock 3,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4 reported 2900 rather than 3000 shares of phantom stock being vested and 784 rather then 884 shares being converted to cash. The footnote should have read: On August 24, 2021, the reporting person elected to convert 2,116 shares out of 3,000 shares of vested phantom stock into 2,116 shares of ARMOUR common stock. The person elected to convert the remaining 884 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 2,116 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 Amounts reported reflect the current amounts rather then the amounts reported as of August 24, 2021, which only shows a 100 share change in the total.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.