Gordon Harper - Aug 23, 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
VP Finance and Controller
Signature
/s/ Gordon Harper
Stock symbol
ARR
Transactions as of
Aug 23, 2022
Transactions value $
-$5,344
Form type
4
Date filed
8/25/2022, 04:36 PM
Previous filing
May 25, 2022
Next filing
Nov 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 +3K +9.3% $0.00 35.3K Aug 23, 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Disposed to Issuer -$5.34K -757 -2.15% $7.06 34.5K Aug 23, 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 -3K -12.1% $0.00 21.8K Aug 23, 2022 Common Stock 3K 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 3000 shares of vested phantom stock into 2,243 shares of ARMOUR common stock and to convert the remaining 757 shares of vested phantom stock into cash solely to pay income taxes on the vested stock. The 3,000 shares are part of, and relate to, phantom stock vesting over a period of approximately two years, reported on a Form 4 filed on January 16, 2020 and phantom stock vesting 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.