G. Hunter Haas IV - Jun 30, 2021 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Signature
/s/ G. Hunter Haas, IV
Stock symbol
ORC
Transactions as of
Jun 30, 2021
Transactions value $
$5,695
Form type
4
Date filed
7/1/2021, 04:51 PM
Next filing
Aug 19, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $4.17K +798 +0.61% $5.23 131K Jun 30, 2021 Direct F1, F2
transaction ORC Common Stock Tax liability $1.52K +291 +0.22% $5.23 130K Jun 30, 2021 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 798 shares of the Company's common stock issued upon the vesting of Performance Units awarded to the Reporting Person on April 6, 2018 pursuant to the Issuer's 2012 Long Term Incentive Compensation Plan and 2017 Long Term Equity Incentive Compensation Plan. Each Performance Unit represents the right to receive one share of the Company's common stock subject to the Reporting Person continuing to serve as an executive officer of the Issuer, and are earned at a rate of 10% per quarter commencing with the quarter ended March 31, 2019 and concluding with the quarter ended June 30, 2021
F2 The price represents the closing price of the Company's common stock on June 29, 2021.
F3 The Reporting Person disposed of these shares of the Company's common stock to the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting of shares that occurred on June 30, 2021.