Stewart J. Paperin - 22 Nov 2022 Form 4 Insider Report for Armour Residential REIT, Inc. (ARR)

Role
Director
Signature
/s/ Stewart J. Paperin
Issuer symbol
ARR
Transactions as of
22 Nov 2022
Net transactions value
$0
Form type
4
Filing time
25 Nov 2022, 17:08:58 UTC
Previous filing
04 Oct 2022
Next filing
05 Jan 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 +700 +0.94% $0.000000 75,294 22 Nov 2022 See Footnote F1, F2
holding ARR Common Stock, par value $0.001 per share 1,040 22 Nov 2022 Direct

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 -700 -8.5% $0.000000 7,500 22 Nov 2022 Common Stock 700 Direct F1, 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 700 shares of vested phantom stock into 700 shares of ARMOUR common stock. The 700 shares are part of, and relate to, phantom stock vesting over an approximate five year period, reported on a Form 4 on January 14, 2021.
F2 Represents shares owned indirectly through the Stewart J. Paperin Family Trust. Mr. Paperin has a pecuniary interest in and investment control over the shares held by the Trust.
F3 Each unit of phantom stock is the economic equivalent of one share of ARMOUR common stock.