Z. Jamie Behar - 23 Aug 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Z. Jamie Behar
Issuer symbol
ARR
Transactions as of
23 Aug 2022
Net transactions value
$0
Form type
4
Filing time
25 Aug 2022, 16:31:00 UTC
Previous filing
01 Jul 2022
Next filing
25 Nov 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 +600 +2% $0.000000 30,308 23 Aug 2022 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 -600 -6.8% $0.000000 8,200 23 Aug 2022 Common Stock 600 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 23, 2022, the reporting person elected to convert 600 shares of vested phantom stock into 600 shares of ARMOUR common stock. The 600 shares are part of, and relate to, phantom stock that vests over an approximate five year period, reported on a Form 4 filed on January 14, 2021.
F2 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.