Marc H. Bell - 22 Nov 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Marc H. Bell
Issuer symbol
ARR
Transactions as of
22 Nov 2022
Net transactions value
$0
Form type
4
Filing time
25 Nov 2022, 17:04:51 UTC
Previous filing
14 Nov 2022
Next filing
16 Feb 2023
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 +2,300 +4.4% $0.000000 54,094 22 Nov 2022 Direct F1
transaction ARR Common Stock, par value $0.001 per share Options Exercise $0 +2,500 +4.6% $0.000000 56,594 22 Nov 2022 Direct 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 -2,300 -3.6% $0.000000 61,050 22 Nov 2022 Common Stock 2,300 Direct F1, F3
transaction ARR Phantom Stock Options Exercise $0 -2,500 -4.1% $0.000000 58,550 22 Nov 2022 Common Stock 2,500 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On November 22, 2022, the reporting person elected to convert 2,300 shares of vested phantom Stock into 2,300 shares of ARMOUR common stock. The 2,300 shares are part of, and relate to, phantom stock vesting over five-year periods, which was reported on the Form 4s report filed by the reporting person on January 16, 2020 and phantom stock vesting over an approximate five year period, reported on a Form 4 filed January 14, 2021.
F2 On November 22, 2022, 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 a period of approximately two years which was reported on a Form 4 on January 16, 2020 and phantom stock vesting over an approximate five year period, reported on a Form 4 filed January 14, 2021.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.