Frank P. Filipps - Oct 5, 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Frank P. Filipps
Stock symbol
ORC
Transactions as of
Oct 5, 2022
Transactions value $
$0
Form type
4
Date filed
4/3/2023, 05:14 PM
Previous filing
Jul 5, 2022
Next filing
Jan 3, 2023

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 ORC Deferred Stock Units Award $0 +2.29K +21.33% $0.00 13K Oct 5, 2022 Common Stock 2.29K Direct F1, F2, F3
transaction ORC Deferred Stock Units Award $0 +1.75K +13.44% $0.00 14.7K Apr 3, 2023 Common Stock 1.75K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each deferred stock unit represents a right to receive one share of the Issuer's common stock.
F2 The deferred stock units are 100% vested but do not become payable until the earlier to occur of a change of control or the reporting person's death, disability, or separation from service as a director of the Issuer.
F3 The number of shares of common stock reflects the Issuer's one-for-five reverse stock split, effective August 30, 2022.