Robert E. Cauley - Jun 30, 2021 Form 4 Insider Report for Orchid Island Capital, Inc. (ORC)

Role
Chief Executive Officer, Director
Signature
/s/ Robert E. Cauley
Stock symbol
ORC
Transactions as of
Jun 30, 2021
Transactions value $
$5,099
Form type
4
Date filed
7/1/2021, 04:53 PM
Next filing
Mar 29, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ORC Common Stock Options Exercise $5.1K +975 +0.66% $5.23 148K Jun 30, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent 975 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.