Frank P. Filipps - 05 Oct 2022 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Director
Signature
/s/ Frank P. Filipps
Issuer symbol
ORC
Transactions as of
05 Oct 2022
Net transactions value
$0
Form type
4
Filing time
03 Apr 2023, 17:14:17 UTC
Previous filing
05 Jul 2022
Next filing
03 Jan 2023
SEC
View on sec.gov

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 +2,286 +21% $0.000000 13,002 05 Oct 2022 Common Stock 2,286 Direct F1, F2, F3
transaction ORC Deferred Stock Units Award $0 +1,747 +13% $0.000000 14,749 03 Apr 2023 Common Stock 1,747 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.